News / Menzies directors will recommend latest Agility takeover bid to shareholders

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The Menzies board has agreed to recommend what Agility says will be its final offer, of 608p ($8.27) per share, to shareholders,.

The revised offer is subject to due diligence and acceptance by Menzie’s shareholders and follows earlier bids of 460p, 510p and 605p.

Menzies board said it had considered “Agility’s final proposal and indicated to NAS [its airport services subsidiary, National Aviation Services] that it would be willing unanimously to recommend an offer at the financial terms of the final proposal ...