FirstGroup rejects takeover offer from US private equity firm

/, Acquisition, Business News, Finance News, National, Uncategorised/FirstGroup rejects takeover offer from US private equity firm

FirstGroup rejects takeover offer from US private equity firm

FirstGroup has received a takeover proposal from US private equity firm Apollo Management.

The FirstGroup board has rejected the offer saying that the cash offer “fundamentally undervalues the Company and is opportunistic in nature”.

The offer was revealed after the recent movement in FirstGroup share price on the London stock market.

[adbutler zone_id='297765′]

 

By |2018-04-12T09:12:54+00:00April 12th, 2018|Aberdeen, Acquisition, Business News, Finance News, National, Uncategorised|Comments Off on FirstGroup rejects takeover offer from US private equity firm

About the Author:

SBNN