Stagecoach’s £85m expansion of its US operations (LTT 25 May) is an indication that the turnround of the company’s fortunes in North America may be near completion. Seven of the nine businesses being acquired were previously owned by Stagecoach after its £1bn purchase of Coach USA in 1999, but were sold off after it became apparent that the structure of the organisation and its finances were in a significantly worse state than had been appreciated. Their re-acquisition...
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