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. The revised deal, which sees the price of the deal slashed from £60m to £40m, has removed the opposition of major DX shareholder Gatemore Capital Management, which earlier this year had threatened to block the deal unless the offer was improved, increasing its shareholding to facilitate this. Under the revised offer, DX Group […]
DX Group made a pre-tax loss of more than £80m in the year ended 30 June 2017.
DX Group has acquired The Legal Post (Scotland) and First Post from First Scottish Group for £3.25m, in a move that consolidates the legal document exchange market in Scotland.
DX Group is to take a close to £2m profit hit after an accounting error relating to the treatment of a leasehold property.