Agility now controls 19% of Menzies, intensifies takeover bid
Kuwait-based Agility Strategies Holding Limited, in concert with National Aviation Services (NAS), purchased an additional 5.3 million shares in Scotland-based Menzies plc, representing approximately 5.8 percent of the issued share capital of Menzies at 605 pence (£6.05) per share.
Consequently, Agility will hold over 17.4 million shares, representing approximately 19 percent of the issued share capital of Menzies, according to a statement issued by Agility.
Agility had earlier last week bought over 12.3 million shares of Menzies at 605 pence (£6.05). NAS has also confirmed that any firm offer for Menzies, if made, would be at a price not less than 605 pence (£6.05) per share. The deal, if it goes through at this price, values Menzies at approximately £555 million.
