A possible bid ?28 Nov 2019 12:05
Bullish looking chart. Sooner or later (and probably sooner), John Menzies will see a bid. It's not just other ground handlers that will have an eye on the Scottish company, but also the usual gamut of private equity companies. Ground handling is an industry ripe for a "roll-up". past transactions show that there is plenty of money to be made from combining smaller ground handling agents. Following a decade of consolidating smaller players, we are now about to see the final wave of mergers and acquisitions. In the end, we will see one or two industry giants that control the global ground handling market. the company has had a former Swissport (!) executive join its board as CFO. The new CFO invested a stunning GBP 4.7m of his money to buy Menzies shares at a price of GBp 390p. I wonder if a bid could be just around the corner