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The Independent UK
The Independent UK
National
Holly Williams

National Express insists Stagecoach merger plans ‘superior’ to rival bid

Stagecoach National Express DWS United Kingdom
PA Archive

National Express insisted its proposed £1.9 billion merger with Stagecoach is “superior” to the rival bid by German investment group DWS as it sought to win over shareholders.

The group said it believes the 105p-a-share bid from DWS “materially undervalues” Stagecoach, but has held back from sweetening its offer.

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