Stagecoach this morning announced it has shunned National Express because it has had a cash offer of 105p a share from financial buyer DWS Infrastructure. Below is a link to the press release:
Markets are tumbling but that doesn't appear to crimp companies' thirst for dealmaking in the UK - for the moment.
The latest British deal in the offing is a bid by National Express for Stagecoach, according to Bloomberg. Below is a link the Bloomie tale:..
It's deal mania in Britain at the moment, so it's a perfect time for analysts to speculate about more deals, especially as FirstGroup recently agreed a sale of First Student and First Transit to Nordic private equity firm EQT for $4.6 billion...
Another day, another equity placing in the London market. This time it's FTSE 250-listed National Express, which has just announced an accelerated bookbuild to raise up 20pc (around £240 million) of its market capitalisation.
Embattled Lloyd's of London insurer Hiscox also announced the results of its equity fundraising, tapping shareholders for £375 million...