National Express Stagecoach merger gatecrashed by German investor DWS
The Stagecoach board has backed the new bid from German asset manager DWS worth £595m.. National Express's offer valued it at around £470m.
Source: dailymail.co.uk
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Stagecoach chiefs accept new bid valuing bus giant at £600m
By Scott Wright
Source: heraldscotland.com
National Express outbid as Stagecoach accepts new £595m takeover offer
The transport business revealed it had struck a 105p-per-share offer valuing it at £595million with Inframobility, whose owner is a fund managed by German asset manager DWS Infrastructure.
Source: thisismoney.co.uk
Stagecoach opts for rival takeover in blow to National Express merger plan
British bus operator makes U-turn on £1.9bn proposal and agrees deal with fund managed by German firm DWS
Source: theguardian.com
Stagecoach: Bus giant agrees to new £595m takeover, saving Perth jobs
Perth bus giant Stagecoach has ditched its support for a £1.9 billion merger with National Express and agreed to a £595 million takeover.
Source: thecourier.co.uk