Monday, 14 September 2009

Cosmen Family Given Two Weeks To Complete Takeover of National Express

The proposed Cosmen family / CVC takeover of National Express group (NX) has been given a two week extension to finalise the details of the deal whilst they carry out the necessary due diligence on NX's books.

As previously recorded, such a deal is likely to see control of NX bus and rail businesses, including National Express East Anglia, transfer to Stagecoach.

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