Date: 09/06/2022

Operator of GWR and South Western Railways says proposal fails to reassure investors. Britain's biggest train operator FirstGroup has rejected a £1.2bn takeover proposal from a US private equity firm, after its board determined the offer was too low. The bus and rail company said it had carefully reviewed the proposal from I Squared Capital, which first became public last month, but concluded that the 118p a share cash offer significantly undervalues FirstGroup's continuing operations and its future prospects.

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FirstGroup rejects £1.2bn takeover bid from US equity firm

The Guardian

Operator of GWR and South Western Railways says proposal fails to reassure investors

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Tags: x FirstGroup x GWR x South Western Railway x I Squared Capital