Monday, 29 June 2009

National Express Reject Takeover Bid

Reports in the press are claiming that National Express have rejected a takeover bid from FirstGroup. National Express continue to have problems in reducing a debt pile of £1.2 billion and talks with the government over their failing East Coast franchise are said to be stalled.

Many will remember that FirstGroup ran the successful and much missed Great Eastern franchise prior to National Express taking over the route with the now defunct 'one' branding.

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