National Express agrees to acquire Stagecoach
In a move to bolster a recovery, National Express, the UK’s largest coach operator, has agreed to buy Stagecoach, the UK’s largest bus operator, in a £1.9 billion all-share transaction.
Both companies are worth about half their respective values pre-pandemic, and both are desperate to see people return to their normal way of life in 2022. Will the regulators step in though?
IGTV’s Jeremy Naylor looks at the charts.
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