CVC Consortium: No Offer for National Express
LONDON (Reuters) - A consortium led by Spain's Cosmen family has decided against making a takeover offer for National Express (NEX.L) after spending a month poring over the British bus and train operator's books. National Express said on Friday , however, that the Cosmen family had decided to support a proposed equity fundraising. Last month, Cosmen and private equity partner CVC Capital Partners approached National Express with a proposed 765 million pounds ($1.24 billion) offer worth 500 pence per share, an improvement on a previous 450 pence approach.
16 October 2009•2 mins read
