Proposed NX takeover of Stagecoach

[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??

[Tony]

https://www.ft.com/content/518fb08a-dd65-4bf3-bdc8-76b3c918900c?segmentid=acee4131-99c2-09d3-a635-873e61754ec6&fbclid=IwAR2xBjO8DtGjffnBHbySPD1uK5llQQTQXPvsGgEU4scxODDnbZ-fa90T_lM

[winston]

https://www.ft.com/content/518fb08a-dd65-4bf3-bdc8-76b3c918900c?segmentid=acee4131-99c2-09d3-a635-873e61754ec6&fbclid=IwAR2xBjO8DtGjffnBHbySPD1uK5llQQTQXPvsGgEU4scxODDnbZ-fa90T_lM

That new recommended cash offer appears to have thrown a rather large spanner in NX's takeover proposal

[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]

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.

[JoNi]

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]

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]

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

https://www.cityam.com/stagecoach-merger-creates-superior-value-than-dws-offer-says-national-express/

[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]

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]

It's all gone v quiet.

[Tony]

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