News / Agility handler NAS urges Menzies shareholders to consider takeover bid

10/02/2022

As anticipated on these pages, yesterday’s rebuttal by Menzies of an offer by Agility’s National Aviation Services (NAS) is not the end of the affair.

Today, NAS has publicly doubled down, pointing out that its offer of 510p per share was 76% higher than John Menzies’ share price on 2 February, and 68% up on its 30-day volume weighted average.

NAS also insisted the bid was not “opportunistic”, as Menzies claimed, but a well-considered strategic investment.

“As one of the industry’s fastest-growing aviation ...