Page 60 - First Transit News Today

Just 61.3 per cent of investors in the train and bus business voted in favour of the deal with 38.7 per cent rejecting it. Only 50 per cent of shareholders needed to agree to the deal.

By Scott Wright

A Lanarkshire-based gin producer is looking to move into larger premises after mapping out expansion plans for its start-up brand.  Launched in October 2018, Ellis Gin offers a range of premium gins and ready-to-drink cocktails that includes four premium gins, two of which are colour-changing. The company aims to bring "a bit of fun" to the gin market with its collection mixed with carefully selected botanicals.  Throughout lockdown, business owner Carol Jackson was focused on buil...

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The hedge fund called for a recount, saying that the deal was a “most imprudent business decision”. Shares in First Group fell 4.0 per cent immediately after the deal was approved. Coast, which owns nearly 14 per cent of First Group, had long backed the sale of the assets, but said that the EQT deal undervalued the businesses. The New York-based fund rallied a number of other investors to its cause, including 12-per-cent owner Schroders and proxy group Glass Lewis. Nevertheless, a simple ma...

First Group shareholders have voted in favour of allowing the firm to sell its US school bus and transit divisions for £3.3billion. Just 61.3 per cent of investors in the train and bus business voted in favour of the deal with 38.7 per cent rejecting it.  Only 50 per cent of shareholders needed to agree to the deal for it to be approved. All aboard: First Group shareholders have voted in favour of allowing the firm to sell its US school bus and transit divisions for £3.3bn Bosses sold the F...

FIRSTGROUP PLC - Result of Meeting PR Newswire London, May 27 FIRSTGROUP PLC RESULT OF GENERAL MEETING FirstGroup plc (the 'Company') announces that the resolution

A majority of FirstGroup shareholders on Thursday backed the bus and train firm's 3.3 billion pound ($4.7 billion) sale of its U.S. assets to EQT Infrastructure, in a blow to activist investor Coast Capital which led opposition to the deal.

/PRNewswire/ -- EQT Infrastructure is pleased to note that FirstGroups shareholders have voted in support of its offer to acquire First Student and First...