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10.2.07

Takeover * USA - Greyhound buses to roll into British hands

USA -MSN Money -Feb 8, 2007: -- Greyhound of the US looks set to pass into British hands, with FirstGroup, the bus and rail operator, expected to announce on Friday an agreed takeover of Laidlaw International, which owns the inter-city bus service operator... Although a final price was not clear last night, a deal is understood to value Laidlaw shares at between $35 and $37, making the company worth $2.78bn-$2.93bn (£1.42bn-£1.5bn). Laidlaw's main business is operating yellow school buses...

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