Minster FM News
Final takeover offer for National Express
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Published by the Minster FM News Team at 6:29pm 3rd September 2009. (Updated at 6:42pm 3rd September 2009)
A consortium bidding to take over York based National Express has tabled a final takeover offer.
It values the bus and train operator at 765 million pounds.
The offer by the Cosmen family and CVC Capital Partners is more than 11% higher than its previous bid which was rejected.
National Express is carrying 1.2 billion pounds of debt.
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