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Evening Standard
Evening Standard
Business
Simon English

MYSTERIOUS: First group flat no on 1 2 billion takeover bid - You Need To See This

Hundreds more daily train services are being cut in response to pandemic-related staff shortages (Victoria Jones/PA)

(Picture: PA Archive)

TRANSPORT giant First Group offered its private equity suitors I Squared Capital a one-way ticket out of town today, flatly rejecting a £1.2 billion takeover offer.

That deal was for 118p in cash with a further 45.6p possible from the earnout on sales of the Greyhound bus arm and First Transit.

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