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Proposed NX takeover of Stagecoach

Started by RW, September 21, 2021, 09:03:54 AM

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pb2012

Just read a report that the offer by NX has been or will be rejected by stagecoach in favour of an all cash offer by private equity group not sure how accurate the report is anyone know more??


winston


Stevo

Best news this year! I was afraid NatEx West Midlands would become just another anonymous Stagecoach subsidiary with exactly the same vehicles you see in Torquay, Dover, Manchester, Newcastle, etc....

DJ

Quote from: Stevo on March 09, 2022, 09:48:34 AM
Best news this year! I was afraid NatEx West Midlands would become just another anonymous Stagecoach subsidiary with exactly the same vehicles you see in Torquay, Dover, Manchester, Newcastle, etc....

National Express was the one taking over Stagecoach, not the other way around, and the two companies already operate similar fleets, with a large number of ADL vehicles making up the bulk of it.

Any views/comments are my own and do not reflect those of my employer.

JoNi

#80
The latest blog by Busandtrainuser gives a perspective on the sale to DWS and who they are.

https://busandtrainuser.com/2022/03/10/a-new-chapter-for-stagecoach/


RW

Has National Express ended its interest in Stagecoach? Do we know?

Tony

Quote from: RW on March 25, 2022, 10:19:37 AM
Has National Express ended its interest in Stagecoach? Do we know?

No

RW

Tony, is that 'no' Nat Ex hasn't ended its interest in Stagecoach or 'no' we don't know?

Tony


RW

Thanks Tony. Still looks as though DWS offer is forging ahead. Papers going out to Stagecoach shareholders as we speak. No clear sign Nat Exp. might still be in the running.

winston

It looks increasing likely NX's takeover attempt of Stagecoach will fail, DWS have already acquired a 16.99% stake in Stagecoach shares & also have commitment from Ann Gloags for her stake:

https://www.heraldscotland.com/business_hq/20022671.stagecoach-suitor-snaps-100-million-shares-scottish-company/

Ginger66

Quote from: winston on March 27, 2022, 01:47:52 PM
It looks increasing likely NX's takeover attempt of Stagecoach will fail, DWS have already acquired a 16.99% stake in Stagecoach shares & also have commitment from Ann Gloags for her stake:

https://www.heraldscotland.com/business_hq/20022671.stagecoach-suitor-snaps-100-million-shares-scottish-company/

I have seen an article about the stagecoach chairman of stagecoach have links with DWS https://www.thisismoney.co.uk/money/markets/article-10655417/Stagecoach-chief-Raymond-OToole-conflict-German-bid.html

Sandy Lane


Tony

It will do whole the shareholders are deciding whether to accept the other offer

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