Buta Atwal, Chief Executive of Wrightbus, is to retire at the end of the year. Mr Atwal said after “a great deal of consideration” he had taken the decision to pursue his own personal interests. Mr Atwal, who became Chief Executive in 2019 following the successful acquisition of the company by Jo Bamford, will leave […]
Go-Ahead has agreed a takeover offer. Go-Ahead has reached an agreement with Bidco, a newly formed company indirectly owned by Kinetic and Globalvia Inversiones, for a recommended cash acquisition. It follows two acquisition bids announced recently, one made by Bidco, the other by Kelsian (the Australian transport provider that owns London bus operator Tower Transit, […]
Go-Ahead Group has received unsolicited approaches for a takeover of the company. Kelsian Group Ltd and a consortium consisting of Kinetic Holding Company Pty Ltd and Globalvia Inversiones S.A.U have made the offers. The approaches are for possible cash offers for the entire issued, and to be issued, share capital of the company. Kelsian Group […]
FirstGroup has rejected the proposed takeover offer from I Squared Capital Advisors, saying it significantly undervalues its operations and future prospects. On 26 May 2022, FirstGroup confirmed it had received a series of unsolicited, conditional proposals from I Squared Capital Advisors in relation to a possible offer for the entire issued, and to be issued, […]
Transport for Greater Manchester (TfGM) is running minibuses to cover several bus routes in Rochdale until the end of July. The bus routes are usually operated by Transdev-owned Rosso, but a lack of drivers means the operator finds itself in a temporary position where it cannot provide services on all of the routes. Despite the […]
A significant planned restructuring of Go-Ahead North East – still recovering from the passenger slump – has coincided with the decision of Managing Director Martijn Gilbert to leave the company. Go-Ahead North East is to close Chester-le-Street depot – one of seven it runs – and redeploy staff at other depots. The six remaining depots […]
FirstGroup‘s largest shareholder, Schroders, has described a potential takeover bid for the operator as ‘unattractive’. The unsolicited offer came from I Squared Capital Advisers, an independent global infrastructure investment manager. The potential deal could be for as much as £1.2bn. The potential buyer is offering to pay 118p per share and a contingent right to […]
It’s good to see so many coaches on the roads as spring gives way to summer, with touring having picked up and, as Marksman reports in On Target, even signs of the inbound market recovering. Tour companies report buoyant overseas sales for events centred around the Platinum Jubilee, Tours International selling out of places on […]