Edition:
United Kingdom

DX Group terminates discussions with John Menzies


Monday, 14 Aug 2017 

Aug 14 (Reuters) - DX (GROUP) PLC ::TERMINATION OF DISCUSSIONS WITH JOHN MENZIES PLC.TRADING IN COMPANY'S SHARES REMAINS SUSPENDED PENDING FURTHER NOTIFICATION.AFTER DUE CONSIDERATION, DISCUSSIONS WITH JOHN MENZIES REGARDING POTENTIAL COMBINATION OF DX AND JOHN MENZIES' DISTRIBUTION DIVISION TERMINATED.DX BOARD HAS BEEN UNABLE TO AGREE SUITABLE TERMS.IT BELIEVES IT TO BE IN BEST INTERESTS OF DX SHAREHOLDERS TO PROCEED WITH BUSINESS TRANSFORMATION ON A STAND-ALONE BASIS.DISCUSSIONS ON NEW FINANCING OPTIONS FOR DX ALREADY UNDERWAY. 

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