WebMar 9, 2024 · Ilaria Grasso Macola. Asset manager DWS Infrastructure has, through subsidiary PEIF III Bidco, snatched Stagecoach from National Express for £594.9m. The news has sent Stagecoach’s share ... WebMar 9, 2024 · The DWS offer marks a 37% premium to Stagecoach's closing share price of 76.55p on Tuesday. It also significantly tops the National Express offer, which was worth …
Stagecoach ditches National Express merger for £595m takeover
WebMar 9, 2024 · The DWS offer marks a 37 per cent premium to Stagecoach's closing share price of 76.55p on Tuesday. It also significantly tops the National Express offer which was worth just over 69.34p a share. The offer from National Express would have given Stagecoach's shareholders a 25 per cent stake in the enlarged £1.9 billion business. WebAlthough both Deutsche Bank and RBC are acting as financial advisers to Stagecoach, because DWS is ultimately controlled by Deutsche Bank, only RBC is acting as the independent financial adviser to Stagecoach for the purposes of providing independent advice to the Stagecoach Directors on the Offer under Rule 15(b) of the Takeover Code. csc meaning catholic
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WebMar 17, 2024 · National Express has criticised the rival offer for Stagecoach from DWS Infrastructure as one that “materially undervalues” the Perth-based business.. It comes … WebMar 9, 2024 · Stagecoach said the DWS bid offered greater certainty for investors and its 24,000 employees, with the overall headcount of bus drivers expected to remain the … WebMay 10, 2024 · DWS, through its Inframobility UK Bidco, has lowered the threshold required to satisfy the Acceptance Condition, giving shareholders until 1300 on 21 May to accept the offer, which values Stagecoach at approximately £594.9m. Inframobility UK Bidco, an indirectly wholly-owned subsidiary of DWS Infrastructure, has already acquired the … csc member portal