UK train operator FirstGroup considering £1.2bn takeover
by Julia Kollewe from World news | The Guardian on (#5ZNXX)
Aberdeen-based firm considering approach by US private equity firm I Squared Capital Advisors
FirstGroup, Britain's biggest train operator, is evaluating a 1.2bn takeover offer from a US private equity firm, the latest UK transport group to become a takeover target.
The Aberdeen-based bus and rail operator said it had received a series of unsolicited proposals from I Squared Capital, and rejected them unanimously, apart from the latest approach, received on Wednesday evening, which it is evaluating.
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