Pounds 1.7bn Grab for National Express Fails [Edition 3]

Summary


NATIONAL Express today formally rejected a Pounds 1.7 billion takeover from its largest shareholder, the Cosmen Spanish bus family, in league with the private-equity firm CVC.

The offer at 450p a share "fundamentally undervalues" National Express, said chairman John Devaney.

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Pounds 1.7bn Grab for National Express Fails [Edition 3]

A pall has hung over National Express since it w...

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