Get all your news in one place.
100's of premium titles.
One app.
Start reading
The Guardian - UK
The Guardian - UK
Business
Joanna Partridge

John Menzies accepts takeover bid from Kuwaiti aviation services rival Agility

Member of John Menzies staff in front of aeroplane
John Menzies’ shareholders will receive 608p a share, which the company said represented an 81% premium to the closing share price on 8 February. Photograph: John Menzies/PA

Executives at the British aviation services company John Menzies have accepted a £571m takeover deal from a Kuwaiti rival, after rebuffing three previous offers.

A subsidiary of Agility Public Warehousing had made the bid more than a month ago, which was conditional at the time, although the John Menzies board said it would accept the offer.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.