Menzies-NAS revenue was more than $1.5bn 2021; to have approx 35,000 employees with a presence at more than 250 airports
The boards of Agility Public Warehousing Company K.S.C.P. (Agility) and GIL International Holdings V Limited (Bidco), one of its wholly-owned subsidiaries, and the board of John Menzies Plc (Menzies) today announced that they have reached an agreement on the terms of a recommended cash offer to acquire 100 percent of the ordinary shares in Menzies at £6.08/share.
The deal values Menzies at approximately £571 million on a fully diluted basis and at approximately £763 million on an enterprise value basis, according to an official statement from Agility.