Net News Publisher (Free subscription) | 12/11/2009
The Competition Commission (CC) has decided that Stagecoach Group plc (Stagecoach) must sell Preston Bus Limited to a competing company, after concluding its inquiry into the acquisition. In its final report published today at www.competition-commission.org.uk, the CC concludes that the sale of a reconfigured Preston Bus will be the most effective way to restore competition and [...]
The Guardian (Free subscription) | 30/10/2009
The Cosmens, who hold 18% of National Express and run its Spanish bus operations, feared that National Express risked losing further value for all shareholders The National Express saga turned nasty today when Spain's Cosmen family, the company's biggest shareholder, expressed "serious concerns" about its future and urged it to seek independent financial and legal advice. The comments came...
Boston Globe (Free subscription) | 29/10/2009
British bus and train operator National Express PLC said Thursday it had broken off talks with potential suitor Stagecoach Group PLC, and said it will press ahead with its own plans to raise new capital.
Market Watch (Free subscription) | 29/10/2009
LONDON (MarketWatch) -- U.K. bus and rail operator National Express Group said Thursday that it has ended all discussion about a potential takeover by Stagecoach Group . The company said it was unlikely that a deal with Stagecoach could be successfully executed in 2009, even if appropriate terms could be agreed. To avoid any further disruption, National Express said it has ended the talks and will...
Market Watch (Free subscription) | 22/10/2009
LONDON (MarketWatch) -- U.K. bus and rail operator National Express said Thursday that trading conditions have remained difficult during the third quarter with revenue slowing in a challenging economic environment. It expects fiscal-year pretax profit to fall slightly below previous expectations due to higher interest costs and lower profitability in North America. National Express said it's still...
Forex Analytics (Free subscription) | 19/10/2009
U.K.-based rail and bus operator National Express Group Plc. (NEX.L) has reportedly on Sunday received a preliminary merger proposal from public transportation company Stagecoach Group plc (SGC.L, SAGKF.PK). The proposal would see Stagecoach acquire National Express in an all stock deal valued at GBP 1.7 billion or US$2.8 billion. Following the closure of the deal, [...] Post from: (c)Autor: Forex...
Boston Globe (Free subscription) | 19/10/2009
Stagecoach Group PLC launched Monday a surprise merger approach for British transport company National Express PLC at the struggling rival's invitation after a separate bid fell through.
Market Watch (Free subscription) | 19/10/2009
LONDON (MarketWatch) -- U.K. bus and rail operator Stagecoach Group said Monday that, at the invitation of rival National Express , it submitted a letter on Oct. 16 indicating the terms under which Stagecoach would be prepared to enter into talks over a possible combination of Stagecoach and National Express. On Sep. 3, Stagecoach said that it would not make an offer for National Express and the firm...
Bloomberg (Free subscription) | 19/10/2009
Oct. 18 (Bloomberg) -- National Express Group Plc said it received a “highly preliminary” proposal from Stagecoach Group Plc for a 1.7 billion-pound ($2.8 billion) all-share transaction in which National Express shareholders would hold no more than 40 percent of the enlarged group.
Market Watch (Free subscription) | 16/10/2009
LONDON (MarketWatch) -- CVC Capital Partners and the Cosmen family said Friday that they have decided not to make an offer for U.K. bus and train company National Express . It is now the intention of the Cosmen family to support the company's plans to undertake an equity fundraising within certain parameters. National Express rival Stagecoach Group noted the move by CVC and siad that it is no longer...
Busworld Photography (Free subscription) | 13/10/2009
Believe it or not in Stafford minibuses have featured with the various owners of Midland Red and of course more latterly Arriva since 1983 but no more. In the early days they were Ford Transits, but there have also been horrible Dodge and Northern Counties bodied Renault's too. But in more recent times the only slightly more glamorous but unquestionably very reliable Mercedes workhorses have featured...
dooyoo newest opinions in UK / Irel (Free subscription) | 14/09/2009
a new opinion on www.dooyoo.co.uk about Sheffield Supertram written by hunnybabyuk The Sheffield Tram is called Supertram and is ran by Stagecoach Group PLC, who are a major public transport company operating light rail, train, bus & coach services in the UK, Europe & North America. It's ran in co-operation with South ...
The Guardian (Free subscription) | 03/09/2009
Spanish group offers 500p per share for firm in move that would allow Stagecoach to take over its UK rail and bus operations The Spanish-led consortium circling National Express has upped its takeover offer to £765m in a proposal that would see Stagecoach acquire the public transport group's UK rail and bus businesses. The 500p per share offer is likely to test the belief of some institutional...
Miami Herald (Free subscription) | 27/07/2009
Stagecoach Group PLC said Monday it is in exclusive talks with the potential buyers of coach operator National Express PLC over a possible breakup of the struggling company.
Seattle Times (Free subscription) | 27/07/2009
Stagecoach Group PLC said Monday it is in exclusive talks with the potential buyers of coach operator National Express PLC over a possible breakup of the struggling company.
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