DX Group shareholders controlling almost a fifth of the company have signed a letter demanding the board terminates discussions with John Menzies about a proposed takeover, unless the deal is improved significantly. The letter, written by DX Group’s largest shareholder Gatemore Capital Management, clarifies its objection to the transaction with John Menzies and states that it will block the deal unless it was improved. It said the proposed reverse merger “grossly undervalues DX and its potential to recover from the current […]
Moves are underway to split print media and parcel logistics firm Menzies Distribution from its sister air cargo and baggage handling business Menzies Aviation.
With more than 1,500 customers affected by the Olympic Route Network, Menzies Distribution faced a tough job getting newspapers delivered across London during the Games before the 6am curfew. During the past fortnight no one could have escaped Olympics fever as our national newspapers avidly reported every medal win, every Team GB commiseration, and everything in between. For sports journalists and editors on the national newspapers, the London 2012 Games would have been a pinnacle of their careers. They would […]
Menzies Distribution is looking increasingly towards the parcels market as it looks to diversify the business to offset falling revenues from its core newspaper distribution business.