News / Gatemore happy with new terms of DX Group takeover of Menzies Distribution

Activist investor Gatemore Capital has resolved its dispute with DX Group and okayed a takeover of Menzies Distribution, which will bring an end to Petar Cvetkovic’s rein as DX CEO.

Gatemore Capital chief investment officer and managing partner Liad Meidar had opposed the deal and called on Mr Cvetkovic and DX chairman Bob Holt to resign, claiming they had destroyed the operator’s market value by 90%.

Today, however, Mr Meidar announced that DX had come to new arrangements regarding the purchase of Menzies that were “fairer ...