Natexpress shareholders prefer rights issue - FT


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 percent-shareholder the ...

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