WebMar 9, 2024 · ransport firm Stagecoach has backed a £595 million takeover by German investment group DWS, scuppering plans by National Express for a £1.9 billion tie-up with the bus giant. Stagecoach said... WebMar 22, 2024 · The statement from the Board of National Express ends by encouraging Stagecoach shareholders to take no action in relation to the DWS offer. The combined Stagecoach and National Express group would have continued using the separate brands. RICHARD SHARMAN Warrington’s Own Buses stands with Ukraine Next
Stagecoach Set to Delist After Acquisition by DWS CMC …
WebMar 9, 2024 · The DWS offer marks a 37 per cent premium to Stagecoach's closing share price of 76.55p on Tuesday. It also significantly tops the National Express offer which was worth just over 69.34p a share. The offer from National Express would have given Stagecoach's shareholders a 25 per cent stake in the enlarged £1.9 billion business. WebMar 9, 2024 · DWS, which owns strategic assets such as Kelda, the owner of Yorkshire Water, and Peel Ports, says its offer provides ‘greater certainty over the future’ for employees and shareholders. As well as retaining Stagecoach’s senior management, the private firm says the overall headcount in frontline operational roles will remain the same. littering news article
DWS publishes Stagecoach offer giving shareholders until 21 ... - …
WebAlthough both Deutsche Bank and RBC are acting as financial advisers to Stagecoach, because DWS is ultimately controlled by Deutsche Bank, only RBC is acting as the independent financial adviser to Stagecoach for the purposes of providing independent advice to the Stagecoach Directors on the Offer under Rule 15(b) of the Takeover Code. WebMar 30, 2024 · DWS Infrastructure has progressed its bid to purchase Stagecoach with the acquisition of 16.99% of the Perth group’s issued ordinary share capital from Threadneedle Asset Management. DWS has paid 105p per share, in accordance with its final offer for Stagecoach. In addition, DWS has received an irrevocable undertaking to accept its … WebMar 22, 2024 · The National Express Board said it believes the proposed National Express-Stagecoach merger provides Stagecoach shareholders with the opportunity to … littering ocean