News / Menzies board will recommend latest Agility cash offer to shareholders

Menzies

Agility Public Warehousing has offered £571m ($750m) for Menzies, a cash bid the handler will recommend to its shareholders, who would receive 608p per share.

Combined with Agility’s National Aviation Services, the acquisition would create the largest airport services company in the world, in terms of the number of countries it operates in, the second-largest in terms of airports served  and the third-largest in revenue terms, with combined revenues of $1.5bn last year.

The group would be wholly owned by Agility.

Philipp Joeinig, ...