US Private equity bid for First Group.

Vehicle and Fleet discussions for First Midland Red Buses Limited or its predecessor, Midland Red West Limited.
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TimBrown
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Joined: 05:59 Monday 4th July 2016
Location: Worcester

US Private equity bid for First Group.

Post by TimBrown » 08:30 Friday 27th May 2022

The attached article appeared in today's Daily Mail 'City and Finance' section and it outlines a US Private Equity bid for First Group. Please also note the final paragraph which states that the Stagecoach takeover is now completed.
US Private equity bid for FirstGroup 001.jpg
(Click on the attachment and it will appear right way up!)

TimBrown
Posts: 1280
Joined: 05:59 Monday 4th July 2016
Location: Worcester

Re: US Private equity bid for First Group.

Post by TimBrown » 15:45 Friday 10th June 2022

Here is an article from the Daily Telegraph business section today, Friday 10 June 2022, outlining why First Group has rejected the bid by US private equity firm I Squared Capital.
First Group bid update 001.jpg

bmmoboy
Posts: 548
Joined: 20:02 Tuesday 5th July 2016

Re: US Private equity bid for First Group.

Post by bmmoboy » 15:16 Tuesday 16th August 2022

It has just been announced that I Squared Capital Advisors have announced today that it does not intend to make a firm offer for FirstGroup, the reason given is that the FIrstGroup board have decided that the offer significantly undervalues the company.

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AdamH
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Re: US Private equity bid for First Group.

Post by AdamH » 17:20 Tuesday 16th August 2022

What a surprise!

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