LONDON, Oct 25 (Reuters) - British bus and rail operator Stagecoach is putting the final touches to a financing package as it readies a takeover bid for debt-laden National Express, the Independent on Sunday reports.
Earlier this month National Express saw shares fall 25 percent after a consortium led by Spain's Cosmen family walked away from a deal after spending a month poring over the books.
Stagecoach first made the preliminary approach for the all share deal last week, but some analysts believe that the deal could be scuppered by regulatory hurdles..
(Reporting by Ben Deighton; Editing by Diane Craft) Keywords: STAGECOACH/NATEX (ben.deighton@reuters.com; +44 207 542 7009; ben.deighton.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
Earlier this month National Express saw shares fall 25 percent after a consortium led by Spain's Cosmen family walked away from a deal after spending a month poring over the books.
Stagecoach first made the preliminary approach for the all share deal last week, but some analysts believe that the deal could be scuppered by regulatory hurdles..
(Reporting by Ben Deighton; Editing by Diane Craft) Keywords: STAGECOACH/NATEX (ben.deighton@reuters.com; +44 207 542 7009; ben.deighton.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.