John Menzies PLC (MNZS.L)
26 May 2017
* Gatemore owns 11 pct of DX, representing 18 pct of investors
LONDON, May 5 The biggest investor in UK mail delivery firm DX Group, Gatemore Capital Management, ratcheted up its opposition to a planned reverse takeover deal with John Menzies on Friday, saying it "grossly undervalued" the firm.
* Top investor Gatemore Capital Management withdraws EGM requisition to improve board
March 31 Mail delivery firm DX Group Plc said it was talks to buy airport services and logistics group John Menzies' distribution division in a cash-and-stock deal.
* Trading across group continues to meet board's expectations.