UNCOOKED ALERT: Stagecoach Group said to ... - Part 2
Stagecoach this morning announced it has shunned National Express because it has had a cash offer of 105p a share from financial buyer DWS Infrastructure. Below is a link to the press release:
Stagecoach this morning announced it has shunned National Express because it has had a cash offer of 105p a share from financial buyer DWS Infrastructure. Below is a link to the press release:
Markets are tumbling but that doesn't appear to crimp companies' thirst for dealmaking in the UK - for the moment.
The latest British deal in the offing is a bid by National Express for Stagecoach, according to Bloomberg. Below is a link the Bloomie tale:..
It's deal mania in Britain at the moment, so it's a perfect time for analysts to speculate about more deals, especially as FirstGroup recently agreed a sale of First Student and First Transit to Nordic private equity firm EQT for $4.6 billion...
It would appear scribblers at Citigroup have a direct line into Betaville's brain.
On Wednesday evening I wrote in "Cash Calls - who is next? - Part 8" that Stagecoach was to be added to the Cash Calls list. Below is the link:
https://www.www.betaville.co.uk/news/cash-calls-who-is-next-part-8/..
There are couple of new additions to the cash call list Betaville has been running over the last few weeks. They are: equipment rental company Ashtead and Stagecoach, the bus and rail operator. Below is the updated list:
1. International Consolidated Airlines Group
2. InterContinental Hotels Group
3. Compass
4. Mitchells & Butlers
5. Kingfisher
6. Marstons
7. Provident Financial
8. Travis Perkins..
If Betaville had a pound for every time an analyst, banker or portfolio manager talked up the possibility of Sir Brian Souter taking the bus and rail company he founded, Stagecoach, private I would definately be richer than I am now (well, to be honest that wouldn't be too hard to achieve)...