Dws buys stagecoach
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 manager DWS , trumping an all-share offer from rival ... WebMar 9, 2024 · News. Stagecoach accepts rival £595m offer from DWS Infrastructure. By Razak Musah Baba2024-03-09T11:05:00+00:00. No comments. UK bus company …
Dws buys stagecoach
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WebMar 9, 2024 · In a surprise move, bus and tram operator Stagecoach (SGC) has ditched its proposed merger with rival National Express . Instead the firm has recommended a 105p per share takeover offer from Inframobility UK, part of private infrastructure group DWS. Shares in Stagecoach leapt 36% to 104p while National Express shares rallied 8% to 208p. WebMar 9, 2024 · Stagecoach said it was recommending an acquisition by investor DWS Infrastructure for 105p a share in cash and has withdrawn support for the deal with Birmingham-based National Express which valued Stagecoach at around £437 million.
WebJun 2, 2024 · A fund managed by DWS Infrastructure announced in March it agreed to pay £1.05 in cash for each Stagecoach share — a premium of 54.3% to the Scottish firm’s closing price of 68.05p on September 20, 2024, the last business day before the National Express possible offer announcement, and a premium of 37.2% to the closing price of … WebMar 30, 2024 · March 30, 2024 DWS Infrastructure has progressed its bid to purchase Stagecoach with the acquisition of 16.99% of the Perth group’s issued ordinary share …
WebThis week news from the UK sees NationalExpress lose its acquisition of stagecoach to DWS (who?) and Manchester in full speed to reform public transport. WebMar 9, 2024 · The operator said today that it no longer plans to recommend the £470m planned takeover by National Express, announced in December, after agreeing to be bought by an infrastructure fund managed by DWS Infrastructure, which also manages Belgian bus operator Hansea. The deal is worth £594.9m, or 105p in cash for each Stagecoach share.
WebMar 9, 2024 · The UK bus group on Wednesday said it had agreed to a 595 million pound cash bid from German asset manager DWS (DWSG.DE), trumping an all-share offer …
WebMay 10, 2024 · Inframobility UK Bidco, an indirectly wholly-owned subsidiary of DWS Infrastructure, has already acquired the 93,720,491 Stagecoach shares held by … flint hills bike trailWebMar 9, 2024 · Stagecoach said on Wednesday that it no longer plans to recommend a £470m takeover by National Express, after agreeing to be bought by an infrastructure fund managed and advised by DWS ... greater meridian health clinic dekalb msWebLaw360 (March 9, 2024, 1:36 PM EST) -- An affiliate of DWS Infrastructure, advised by Freshfields, will buy Herbert Smith-led Scottish transport group Stagecoach for about … flint hills care and rehab emporia ksWebMar 30, 2024 · DWS Infrastructure has progressed its bid to purchase Stagecoach with the acquisition of 16.99% of the Perth group’s issued ordinary share capital from Threadneedle Asset Management. DWS has paid 105p per share, in accordance with its final offer for Stagecoach. In addition, DWS has received an irrevocable undertaking to accept its … flint hills builders associationWebMar 9, 2024 · The deal is a 37.2% premium to Stagecoach’s closing price on 8 March 2024. UK-based transport group Stagecoach has ditched its support for the National Express takeover offer in favour of a $780m (£594.9m) bid from Inframobility UK Bidco. The rail and bus operator said that it no longer wants to recommend rival National Express’ bid of ... greater meredith program nhWebMar 9, 2024 · 09 March 2024 N ational Express ’ takeover of rival Stagecoach has been gazumped by a German asset management. A £595 million approach tabled today by … greater meridian health clinic incWebMay 20, 2024 · The bid by DWS Infrastructure to purchase Stagecoach in its entirety took a major step forward on 20 May after the DWS subsidiary Inframobility UK Bidco met the required level of shareholder acceptance. Its offer of 105p per share, which values Stagecoach at £595m, has thus become unconditional. greater meridian health clinic kemper