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Shares in DX (Group) PLC soared after it confirmed receiving a bid approach from US private equity giant, HIG European Capital Partners. The Slough, England-based parcel delivery company said the possible all cash offer was worth 48.5 pence per share, and followed a series of prior proposals from HIG which were rejected. DX said it was minded to recommend shareholders accept a bid at this level, should a firm proposal be made. HIG now has until October 9 to make a firm offer to buy DX. Shares in DX rose 18% to 43.15 pence in London on Monday. Copyright 2023 Alliance News Ltd. All Rights Reserved.
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