John Menzies backs out of DX Group acquisition 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. Menzies backed out of its acquisition deal with DX Group after a trading update from the group made it clear DX would not be able to meet the terms of the agreement. Also confirmed was the departure of DX CEO Petar Cvetkovic and […]