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Menzies and DX deal off

John Menzies pulls the plug on distribution deal with DX
Thursday 17 Aug 2017 Author: David Stevenson
Big News

Logistics and aircraft services company John Menzies (MNZS) is pulling out of deal to sell its distribution business to AIM-quoted DX (DX.:AIM).

The companies had been working on the transaction for six months and according to John Geddes, corporate affairs director at Menzies, there was ‘strong strategic logic’ to the combination.

However a profit warning from DX in July caused Menzies to look at the finances again. The board concluded on 15 August it would
not proceed.

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17 Aug 2017

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