DX Group is being investigated by City of London Police, after an allegation was made against its Exchange business on 7 June. In a statement, DX Group confirmed that the City of London Police Economic Crime Directorate had notified the company of the allegation and that a preliminary investigation had commenced. A spokeswoman for City of London Police told MT: “The City of London Police’s Economic Crime Directorate is scoping information it has received and is liaising closely with DX […]
DX Group’s multi-million pound takeover of Legal Post (Scotland) and First Post appears to be back on track, after the UK competition authority lifted an enforcement order pausing the deal.
The deal that would have see DX Group acquire Menzies Distribution has been called off, and a new board of directors is set to be installed at DX under the guidance of its largest shareholder – Gatemore Capital Management.
DX Group’s largest shareholder has slammed the proposed acquisition of John Menzies Distribution, deeming it a bad deal for shareholders, an attempt to distract from “terrible” operating results and a “face saving exercise for the DX board”.