WebMay 10, 2024 · A spokesperson for DWS said: “Our offer provides a significant cash premium and certainty to Stagecoach investors as well as benefits to other stakeholders including greater certainty for employees and access to capital to invest in services and deliver on Stagecoach’s existing strategy to transition to a net-zero future.” WebMar 9, 2024 · Holly Williams, PA. Transport group Stagecoach has ditched its support for a £1.9 billion merger with National Express and agreed to a higher rival £595 million takeover. Stagecoach said it was recommending an acquisition by investor DWS Infrastructure for 105p a share in cash and has withdrawn support for the deal with Birmingham-based ...
DWS Fund to Buy Transport Provider Stagecoach: The London Rush
WebMar 9, 2024 · New deal: Stagecoach Group revealed it had struck a 105p-per-share offer valuing it at £595million with Inframobility, a company managed by asset manager DWS Infrastructure WebMar 9, 2024 · Stagecoach’s share price rose as expected, to very close to DWS’s offer price, when the markets opened this morning. But National Express’s shares also opened up, rising 10% in early trading. delores wallis
Asset manager DWS snatches Stagecoach from National Express …
WebMar 9, 2024 · Stagecoach is pulling a sudden M&A U-turn. The UK bus group on Wednesday said it had agreed to a 595 million pound cash bid from German asset … WebMar 9, 2024 · Pan-European Infrastructure III, SCSp, managed by DWS Alternatives Global Limited made an offer to acquire Stagecoach Group plc from HGT Finance A Limited, Threadneedle Asset Management Ltd, DWS Investments UK Limited and others for approximately £580 million. WebMar 9, 2024 · DWS will offer Stagecoach shareholders 105 pence in cash, which is a 37% premium to its closing price on Tuesday. Stagecoach shares were up 37% early Wednesday at 104.90p. National Express shares ... fetch api method