Bus and rail company FirstGroup rejected offer from US private equity group
Labour and the RMT union have warned the US private equity firm Apollo Global Management off pursuing its interest in the transport firm FirstGroup, after the British company rejected a takeover approach.
FirstGroup, which operates UK rail franchises including Great Western and TransPennine Express, nearly 20% of local bus routes outside London and the US Greyhound coach service, said it had turned down a proposed cash bid from Apollo that it claimed “fundamentally undervalues the company and is opportunistic in nature”.
from US news | The Guardian https://ift.tt/2HtTqNw
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