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FirstGroup rejects £1.2bn takeover offer from I Squared
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fnlondon.comUK bus and train operator FirstGroup rejected a £1.23bn takeover bid from the US private equity firm I Squared saying that the offer “significantly undervalued FirstGroup’s continuing operations and its future prospects”.
Aberdeen-based FirstGroup last month said it was evaluating a bid from I Squared that values its shares at up to £1.23bn.
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