UPDATE 3-Nat Express snubs Stagecoach bid, eyes share sale

Newswire

* Company says will seek equity fundraising * Source says rights issue could launch within 3 weeks * Shares fall 10 pct (Adds rights issue comment, updates shares, details) By Rhys Jones LONDON, Oct 29 (Reuters) - British bus and rail operator National Express walked away from a possible merger with rival Stagecoach and will now focus on raising cash by selling shares to cut its debts. Shares in National Express, which have risen by a third in the past quarter on persistent ...

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