Don't Just Read the News, Understand It.
Published loading...Updated

US suitor pulls out of FirstGroup acquisition bid

Summary by Ground News
FirstGroup suitor I Squared Capital has pulled out of its acquisition plan for the Aberdeen-headquartered transport business. The Miami-based private equity firm delivered a final proposal of 135p per share, with further contingent value from the earn-out of the former First Transit subsidiary in North America. FirstGroup's board and advisors concluded that this offer significantly undervalues the business.

Bias Distribution

  • 100% of the sources are Center
100% Center
Factuality

To view factuality data please Upgrade to Premium

Ownership

To view ownership data please Upgrade to Vantage

businessinsider broke the news in on Wednesday, August 17, 2022.
Sources are mostly out of (0)