MERGER * UK - National Express rebuffs FirstGroup approach
London,UK -Reuters, by Matt Scuffham & Paul Hoskins -Jun 29, 2009: -- Bus and rail operator National Express has rejected a bid approach from larger rival FirstGroup to create a global giant ferrying millions of American school children and British commuters each day... Britain's FirstGroup, which operates Greyhound buses in the United States and ranks itself as the world's leading transport company moving more than 2.5 billion passengers a year, said on Monday that National Express had rejected a preliminary all-share approach... The two British groups between them also operate some 75,000 yellow school buses in North America or 14 percent of the 533,000 buses that FirstGroup estimates carry children to and from school in the United States and Canada... (Photo from REUTERS, by Darren Staples - A railway worker is reflected in the window of a Midland Mainline train at Loughborough Station, central England)Labels: transport industry news UK
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