DX Group agrees to £315m takeover bid

DX Group said it had agreed to a £315m cash takeover offer from a subsidiary of equity giant HIG Capital, writes Chris Tindall.

The deal means DX shareholders will be entitled to 48.5p per share, consisting of 47.5p in cash and a final dividend of 1p for the year ending 1 July 2023.

The acquisition by Transit Bidco values DX’s entire issued and to-be-issued share capital at approximately £314.8m.

The post DX Group agrees to £315m takeover bid appeared first on Transport News.

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