Takeover bid welcomed for DX Services

DX Services, the company that owns the optical delivery and collection service, has received a takeover bid which has won the blessing of its board.

A new company called Mail Acquisitions Ltd was created by city firm Candover to make the bid which is worth 415p a share. This represents a 25.6 per cent premium to the DX Services share price on the day before the bid.

MAL has also made an offer for another company called Secure Mail Services which provides delivery of sensive documents which it plans to merge with DX Services.

Along with the optical market, DX is a leading provider of time sensitive and value critical mail to the legal and other professions.