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Stagecoach Group sells its North American operations

 
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traildriver




Joined: 26 Mar 2011
Posts: 1172
Location: Queens, NY

PostPosted: Thu Dec 20, 2018 7:34 am    Post subject: Stagecoach Group sells its North American operations Reply with quote

Stagecoach Group announced the sale of its North American operations...
Coach USA, Coach Canada, and Megabus...

I wonder if the private equity purchaser will hold on to it, or try to "flip" it?

Here's the press release"

https://www.stagecoachplc.com/media/news-releases/2018/2018-12-19.aspx
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N4 Jamaica




Joined: 16 Apr 2007
Posts: 596
Location: Long Island

PostPosted: Fri Dec 21, 2018 12:21 pm    Post subject: Reply with quote

As of December 20, 2018, there is apparently an agreement to sell. I presume either party can cancel before the sale.
One British viewpoint is here
https://investomania.co.uk/2018/12/where-next-for-stagecoach-group-plc-after-it-announces-sale-of-north-america-division/
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traildriver




Joined: 26 Mar 2011
Posts: 1172
Location: Queens, NY

PostPosted: Fri Dec 21, 2018 4:23 pm    Post subject: Reply with quote

My next question is....will FirstGroup do likewise with Greyhound?
That's assuming they can find a buyer....I suppose they can probably, but at what price?
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