News / DX Group internal battle heats up on news of possible merger with Menzies

The row between management and shareholders at UK courier and e-commerce fulfilment firm DX Group took a new course late last week when its largest shareholder announced its opposition to a merger with Menzies Distribution.

Gatemore Capital Management, with an 11.3% stake, has rescinded its call for an emergency general meeting (EGM) of shareholders to vote on the removal of DX Group chairman Bob Holt and non-executive director Paul Murray, following news that DX has entered merger talks with Menzies Distribution (MD).

Gatemore said the ...