Stagecoach 'to take over' National Express' rail and bus operations.

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Great Western Coffee Shop > All across the Great Western territory > Across the West > Stagecoach 'to take over' National Express' rail and bus operations.

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Topic: Stagecoach 'to take over' National Express' rail and bus operations. (Read 1548 times)

RailCornwall

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Stagecoach 'to take over' National Express' rail and bus operations.

« on: September 03, 2009, 15:24:47 »

Agreement has been reached with the new bidder for National Express - Spain's Cosmen family - which owns an 18.5% stake - together with private equity firm CVC that has offered 500p a share, up from an earlier bid of 450p to buy NE, for Stagecoach to buy National Express's bus and rail operations from the consortium if a deal went through.

more ...

BBC^» (British Broadcasting Corporation - home page) News

National Express have noted the offer but have yet to either accept or reject it.


« Last Edit: September 03, 2009, 16:29:41 by RailCornwall »	Logged

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