National Express has been given more time to submit its takeover bid of Stagecoach. The Panel on Takeovers and Mergers has extended the deadline from 19 October to 16 November, by which time National Express must either make a firm offer or walk away. Stagecoach stated: “Discussions between Stagecoach and National Express have continued, with respective management teams and advisers working constructively to progress reciprocal due diligence.” National Express first announced its...
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