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FirstGroup offloads US businesses despite shareholder rebellion


Just 61.3% of investors voted in favour of the deal with 38.7% rejecting it.
Only 50% of shareholders needed to agree to the deal for it to be approved.
FirstGroup’s largest shareholder, activist investor Coast Capital, had said it would vote against the deal, saying it undervalued the divisions.
FirstGroup will focus on its UK operations, including the Avanti West Coast line, after the sale of two North American divisions (Luciana Guerra/PA)
Coast wrote to FirstGroup’s board demanding Thursday’s vote be pushed back by 60 days to allow for an independent valuation for the First Student and First Transit businesses. ....

United States , United Kingdom , Luciana Guerra , David Martin , First Group , Great Western Railway , Transpennine Express , Coast Capital , Avanti West Coast , North American , First Student , First Transit , North America , United Kingdom Government , United Kingdom Bus , Threadneedle Investments , South Western Railway , ஒன்றுபட்டது மாநிலங்களில் , ஒன்றுபட்டது கிஂக்டம் , லூசியானா கெர்ரா , டேவிட் மார்டின் , முதல் குழு , நன்று மேற்கு ரயில்வே , கடற்கரை மூலதனம் , அவந்தி மேற்கு கடற்கரை , வடக்கு அமெரிக்கன் ,