News / NAS urges Menzies shareholders and management to consider bid

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Agility’s cargo handler National Aviation Services (NAS), is not going to give up on its bid to take over Menzies.

It has issued another statement, calling on Menzies management to engage – but crucially, is not upping its bid from 510p per share, “a full and fair value” and a “compelling opportunity for Menzies shareholders”.

Noting both NAS and Agility’s “deep expertise in airport services” and its “financially disciplined approach”, it said its offer reflects Menzies revenue and margin forecasts.

But, it added: ...