FirstGroup to buy bus unit of Ryder

Article Abstract:

FirstGroup PLC has reached an agreement to acquire Ryder Transportation Services Inc. for a cash payment of $940 million (903.8 million euros). Ryder is the second-largest operator of school buses in the US. The acquisition represents FirstGroup's first move into the rapidly-expanding and highly-fragmented bus market in the US. FirstGroup is the largest bus operator in Britain.

Comment:

FirstGroup to acquire Ryder Transportation Services for cash payment of $940 million (903.8 million euros)

United Kingdom, United States, Asset sales & divestitures, Foreign operations, Transit and Ground Passenger Transportation, School and Employee Bus Transportation, School Bus Services, Local & Intercity Transit, Abstract, Public transportation, School buses, Ryder Transportation Services Inc.

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FirstGroup agrees to acquire Laidlaw

Article Abstract:

FirstGroup PLC of the United Kingdom is to purchase Laidlaw International Inc. of the United States for $2.8 billion. Share price bid offer is $35.25 per share at an 11 percent premium. Laidlaw International Inc. owns Greyhound bus service and the deal could bear antitrust scrutiny as it will corner approximately half of the North American school bus service market.

Bus transportation, Financial report, Laidlaw International Inc.

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Determinants of international acquisition success: lessons from FirstGroup in North America

Article Abstract:

A process model describing cross-border mergers and acquisitions taking into consideration the FirstGroup's North American acquisitions and the strategic aspects behind the acquisition process is proposed.

Analysis, Acquisitions and mergers, Strategic aspects

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