Go-Ahead reaches takeover bid agreement

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, […]

First shareholder calls takeover bid ‘unattractive’

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 […]

Air chaos bonus?

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 […]


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