National Express today announced that it has received a revised 450p-a-share indicative cash offer for the troubled bus and rail group from the consortium of CVC Capital Partners and the Cosmen family.
The NEG board said that is evaluating the consortium's revised proposal, however it will also continue to explore a range of options to tackle the group's debts, including a possible £350m rights issue. In this context, NEG has been discussing a potential equity fundraising with...
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