National Express to Raise Bid Defences

Daily Mail (July 27, 2009)

Author: Sam Fleming

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Summary


EMBATTLED National Express chairman John Devaney will lay claim to an independent future this week as bidders circle the struggling bus and train operator.

Devaney is expected to convene the firm's board to rebuff an approach from Spain's Cosmen family and private equity suitor CVC that emerged on Friday.

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National Express to Raise Bid Defences

Rival Stagecoach is also thought to be drawing up plans to bid for hobbled NatEx, although ...

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