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- Nat Express Lacks Strategy - Top Investor
- By Myles Neligan and Paul SandleLONDON (Reuters UK) - A top shareholder of National Express Group NEX accused the bus operator of lack of strategy after it rebuffed a merger proposal from rival Stagecoach Group SGC.Debt-laden National Express walked away from a tie-up with Stagecoach on Thursday because it feared...
- News items 2009-10-30
- Cosmens Push National Express on Stagecoach
- By Rhys JonesLONDON (Reuters UK) - Spain's Cosmen family is gauging the appetite among other National Express NEX shareholders for pushing the bus operator to restart merger talks with Stagecoach SGC, a source close to the family told Reuters on Monday.Debt-laden National Express walked away from a tie-up with Stagecoach...
- News items 2009-11-02
Additional Resources
- Cosmen Deny Nat' Express Rumours
- LONDON (Reuters UK) - The Cosmen family has denied a report in the Mail on Sunday that Jorge Cosmen, deputy chairman of National Express NEX, is set to resign.The mail reported Cosmen, whose family owns almost 19 percent of National Express, is thinking of resigning after failing to secure backing...
- News items 2009-11-01
- Cosmen Deny National Express Rumours
- LONDON (Reuters UK) - The Cosmen family has denied a report in the Mail on Sunday that Jorge Cosmen, deputy chairman of National Express NEX, is set to resign.The mail reported Cosmen, whose family owns almost 19 percent of National Express, is thinking of resigning after failing to secure backing...
- News items 2009-11-01
- Cosmen-CVC ups offer for Nat Express
- The consortium bidding for National Express on Thursday increased the cash on offer by more than 10 per cent to 500p a share or £476m and resolved several of the issues surrounding Stagecoach Group's planned takeover of the transport group's rail business. The moves are the consortium's latest effort to...
- News items 2009-09-03
- Cosmen Family Up National Express Stake
- LONDON (Reuters UK) - Spain's Cosmen family, National Express's NEX biggest shareholder, has increased its shareholding ahead of the transport group's rights issue meeting later this month, the Financial Times said.The Cosmens bought an additional 750,000 shares in the company, raising the stake to 19.46 percent, the newspaper said.The Cosmens...
- News items 2009-11-23
- National Express in rights issue tussle
- John Devaney, chairman of National Express, is adamant that a £360m rights issue will be "resoundingly agreed" by Thursday's extraordinary meeting, in spite of opposition from Jorge Cosmen, the company's largest shareholder and deputy chairman. Mr Devaney admits "board dynamics are often difficult" and the conflict with the Cosmen family...
- News items 2009-11-25
- National Express plunges as bid dropped
- Shares in National Express plunged more than 30 per cent on Friday after the Spanish-led consortium bidding for the bus and rail operator withdrew its £765m takeover offer, dealing a blow to the company's biggest shareholder. CVC, the private equity firm, and the Cosmen family, which owns an 18.5 per...
- News items 2009-10-16
- Independence uncertain for transport group
- In little more than eight weeks' time, National Express is expected to strip its red, blue and white logos off the sides of its London to Edinburgh trains, scratch the lettering from its menus and hand over the responsibility for running the service to government. With bid interest in the...
- News items 2009-10-18
- National Express to Raise £360 Million
- By Rhys JonesLONDON (Reuters UK) - Bus and train operator National Express NEX will raise about 360 million pounds in a rights issue to pay down debt and avoid breaching loan terms but said its largest shareholder failed to back the cash call.The transport group will issue around 357 million...
- News items 2009-11-11
- Spanish take seat on board National Express
- One of Spain's wealthiest families is set to become the biggest shareholder in National Express, after the UK rail and bus group's pounds 461m takeover yesterday of the privately owned Spanish coach operator Alsa. The deal will result in the Cosmen family, the owners of Alsa, taking...
- Research articles 2005-10-12
- Stagecoach signals fresh interest in Nat Express
- National Express said it remained open to a tie-up with Stagecoach, its bus and train operator rival, in spite of pushing ahead with plans for an emergency rights issue. National Express confirmed yesterday that Stagecoach had approached chairman John Devaney over the weekend proposing an all-share £1.7bn merger. In a...
- News items 2009-10-18
- National Express receives revised offer
- A consortium formed of CVC Capital Partners and Spain's Cosmen family has made a revised preliminary proposal to buy National Express, the coach and rail operator, for 450p per share in cash. National Express announced the modified approach – valuing the business at £696m if it became a formal offer...
- News items 2009-08-27
- National Express set to buy Spain's biggest coach operator for
- National Express, the UK bus and rail group, is poised to make its first serious foray into Europe with the pounds 250m takeover of Spain's biggest coach operator. Discussions are at an advanced stage for National Express to buy the privately owned company Alsa, which controls more...
- Research articles 2005-10-07
- National Express Snubs Stagecoach Bid
- By Rhys JonesLONDON (Reuters UK) - Bus and rail operator National Express walked away from a possible merger with rival Stagecoach and will now focus on raising cash by selling shares to cut its debts.Shares in National Express, which have risen by a third in the past quarter on persistent...
- News items 2009-10-29
- Cosmens criticise National Express strategy
- Spain's Cosmen family, the biggest shareholder in National Express, on Friday publicly criticised the rail and bus operator's strategy after it ended merger talks with Stagecoach. Stagecoach approached National Express with a merger proposal after a consortium comprised of the Cosmens and CVC Capital Partners, the private equity investor, decided...
- News items 2009-10-30
- Nat Express to Raise Capital - Report
- LONDON (Reuters UK) - Bus operator National Express Group Plc is expected to launch its rights issue on Wednesday, the Financial Times reported in its Wednesday edition.The fund raising will be for between 370 million pounds and 375 million pounds, the newspaper said. It was uncertain if the Cosmen family,...
- News items 2009-11-10
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