The extraordinary general meeting called for by a DX Group shareholder has been cancelled after the delivery company announced its intention to buy Menzies Distribution. Gatemore Capital Managemen called for the meeting last month to try and have Bob Holt and non-executive director Paul Murray removed from the board and replaced with four new candidates. The move was prompted by a 90% fall in DX share price in the last two years, but Gatemore said it had withdrawn the request […]
The DX Group and John Menzies Distribution merger could be sealed this summer after both boards approved a revised offer that satisfies objections from a major shareholder.
DX Group made a pre-tax loss of more than £80m in the year ended 30 June 2017.
Leasing and rental provider Fraikin has signed a new contract with Menzies Distribution, which will see it provide 50 new trucks and vans to the distribution and logistics company.