Menzies board will recommend latest Agility cash offer to shareholders
Agility Public Warehousing has offered £571m ($750m) for Menzies, a cash bid the handler will ...
By Alex Lennane
Agility could soon be back on the US government’s procurement list after settling the long-running case involving food supply contracts to the US military between 2003 and 2010.
The logistics company was replaced as the main supplier to US forces in the Middle East after it was accused of fraud. It has now agreed to plead to a misdemeanour over a single invoice, valued at just $551. Agility must pay the $551, but will not face a criminal fine. The agreement is conditional upon the Department of Justice resolving a civil case against the company. Reuters has the story.
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