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The Independent UK
The Independent UK
National
Holly Williams

Stagecoach agrees rival £595m takeover in blow to National Express merger plans

Stagecoach National Express DWS United Kingdom
PA Archive

Transport group Stagecoach has ditched its support for a £1.9 billion merger with National Express and agreed to a higher rival £595 million takeover.

Stagecoach said it is recommending an acquisition by investor DWS Infrastructure for 105p a share in cash and has withdrawn support for the National Express bid, which valued Stagecoach at around £437 million.

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