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Insider UK
Insider UK
National
Peter A Walker

Menzies suitor claims acquisition represents a 'compelling opportunity'

National Aviation Services (NAS) has claimed that its proposed acquisition of John Menzies could protect the company from post-pandemic shifts in the industry.

The Edinburgh-headquartered aviation services firm's board yesterday rejected the 'unsolicited and highly opportunistic' offer which valued it at around £468m.

The proposed 510 pence per share offer represents a 76% premium on the closing price on 2 February. Kuwait-based NAS made its first offer of 460p per share on 17 January.

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