If you are trying to get your head around the Australian bid battle for Go-Ahead, the London-listed bus and rail operator, then Alistair Osborne's column in today's The Times is worth a read...
Go-Ahead has just released a statement confirming it is in bid talks but not with the party Bloomberg was suggesting.
It would appear the Australians have set their sights on ailing Go-Ahead. That is to say Kelsian Group, which is listed in Australia, and a consortium comprising Kinetic, another Aussie transport business, and a Spanish infrastructure firm called Globalvia Inversiones have submitted indicative offers...
Go-Ahead, the London-listed rail operator, is in talks with OP Trust about a sale of the business to the Canadian investor.
According to Bloomberg, OP Trust is in "advanced negotiations about a deal to take Go-Ahead private and is arranging financing for the transaction".
A take private deal by OP Trust - which manages money for the Ontario public sector employees - could be reached in the next few days, the news agency claims...