Nov 08, 2021 · Proposed combination of Stagecoach and National Express. 14 Dec 2021. Remembrance Day. 08 Nov 2021. The UK's most haunted places to visit this Halloween. 28 Oct 2021.. Coach operator National Express announced the unexpected bid for rival Stagecoach, the UK’s biggest bus company. It is offering Stagecoach investors 0.36 of stock for every share they hold. The. Coach operator National Express announced the unexpected bid for rival Stagecoach, the UK’s biggest bus company. It is offering Stagecoach investors 0.36 of stock for every share they hold. March 9 (Reuters) - British bus and rail operator StageCoach (SGC.L) on Wednesday backed a 594.9 million pound ($780 million) takeover offer from a European infrastructure fund that trumps a bid by. Stagecoach shareholders will own approximately 25 per cent and National Express shareholders will own approximately 75 per cent of the combined group on a fully diluted basis. Based on current share prices, the pro forma market capitalisation of the combined group will be approximately £1.9 billion. National Express notes its offer of a 0.36-times share exchange ratio currently values each Stagecoach share at 90 pence, which is below the DWS offer of 105p in cash. The talks come after National Express rejected a £1.7 billion merger deal mooted by Stagecoach in 2009. This former attempt at a merger between the two would have seen Stagecoach own the majority. Oct 02, 2021 · But Stagecoach is UK focused and is Britain’s biggest bus and coach operator. National Express said the deal would allow it to use Stagecoach’s depot network to run and maintain its coach .... National Express Group is a British multinational public transport company headquartered in Birmingham, England. ... ^ "Scottish bus group Stagecoach and National Express combine to create £1.9 billion transport giant". The Scotsman. 14 December 2021. Retrieved 14 December 2021. Stagecoach. Coach operator National Express is in talks to buy the Stagecoach Group in an all-share arrangement. The £445m deal would mean 75% ownership for National Express and 25% of the merged company for shareholders in Stagecoach, which operates services across the country including in Kent. The bus company was founded in 1980 by Brian. Stagecoach shares were up 6.7% at 80.00 pence each on Tuesday morning in London. National Express was up 0.4% at 236.20p. National Express has a market capitalisation of GBP1.45 billion, versus. "/> Stagecoach national express
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