WebJun 2, 2024 · A fund managed by DWS Infrastructure announced in March it agreed to pay £1.05 in cash for each Stagecoach share — a premium of 54.3% to the Scottish firm’s closing price of 68.05p on September 20, 2024, the last business day before the National Express possible offer announcement, and a premium of 37.2% to the closing price of … WebMar 9, 2024 · The deal is a 37.2% premium to Stagecoach’s closing price on 8 March 2024. UK-based transport group Stagecoach has ditched its support for the National Express takeover offer in favour of a $780m (£594.9m) bid from Inframobility UK Bidco. The rail and bus operator said that it no longer wants to recommend rival National Express’ bid of ...
DWS Infrastructure purchases 17% of Stagecoach share capital
WebMar 11, 2024 · Enter DWS - offering Stagecoach £595M, well above National Express ’s £470M bid. For the full acquisition bid . More on the bus market in the UK - the court has ruled in favour of Manchester’s... WebMar 9, 2024 · Stagecoach said it was recommending an acquisition by investor DWS Infrastructure for 105p a share in cash and has withdrawn support for the deal with Birmingham-based National Express which valued Stagecoach at around £437 million. tic tac toe interactive
DWS buys Stagecoach, Grab losses $3.6 billion in 2024 …
WebMay 20, 2024 · The bid by DWS Infrastructure to purchase Stagecoach in its entirety took a major step forward on 20 May after the DWS subsidiary Inframobility UK Bidco met the required level of shareholder acceptance. Its offer of 105p per share, which values Stagecoach at £595m, has thus become unconditional. WebMar 9, 2024 · German asset manager DWS has pipped National Express (NEX) at the post for the purchase of Scottish bus group Stagecoach (SGC), with an agreement reached … WebDWS Stagecoach Offer Offer Document. Date: 22.03.2024 Download PDF. Clean Team Agreement. Date: 09.03.2024 Download PDF. Confidentiality Agreement. Date: … tic tac toe keychain