IN BRIEF: John Menzies takeover by Agility Public given court sanction

John Menzies PLC - Edinburgh-based aviation services and cargo handling - Company's takeover by GIL International Holdings V Ltd, a subsidiary of Kuwait's Agility Public Warehousing Co KSCP is granted Court sanction.

As a result, trading in John Menzies shares are to be cancelled at the open on Friday.

In March, John Menzies had accepted the offer from Agility Public for 680 pence per share, which values the company at GBP571 million on a fully diluted basis.

Agility, which is listed in Kuwait and Dubai, will combine Menzies with its National Aviation Services unit.

Current stock price: 607.05 pence

12-month change: up 98%

By Dayo Laniyan; dayolaniyan@alliancenews.com

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