LONDON, Aug 28 (Reuters) - Main shareholders in the British bus and rail operator National Express have indicated that they will continue to back a rights issue plan instead of a revised takeover offer, the Financial Times reported on Friday.
The debt-laden transport company said on Thursday that it has received an all-cash offer worth about 600 million pounds ($972 million) from a group led by its Spanish main shareholder.
The consortium, which includes 18.6 ...
Sign in to access
this Article
"Natexpress shareholders prefer rights issue - FT" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. To obtain Premium status, please contact us.
Why Become a Premium Subscriber?
WardsAuto.com Premium subscribers have access to the full breadth of Ward’s articles, news, analysis and features as well as all the Ward’s data and statistics as soon as they are available in Excel spreadsheet format. Learn more about the benefits of Premium access here.

