Activist Coast Capital wants the U.S. coach chain’s parent FirstGroup to spin off its loss-making UK parts. KarenKKwok says Greyhound breakup is worth the trip:
London-listed bus and rail operator FirstGroup’s largest shareholder Coast Capital Management on May 20 published a turnaround plan demanding the Greyhound coaches owner separate its UK and U.S. businesses, as well as exiting the rail business in the UK.
The UK business includes local bus service provider First Bus, while its UK rail service has three franchise agreements. In the United States, FirstGroup operates First Student, the largest network of student transportation in North America; it also runs municipal bus services there, as well as the Greyhound coach chain.
Coast Capital on May 12 asked for an extraordinary general meeting to remove six directors at First Group. It wants to replace them with seven new board members, including Steve Norris, Britain’s former transport minister, and David Martin, former boss of UK public transport company Arriva.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Facebook breakup would be solution of last resort: EU's VestagerA break-up of U.S. social media company Facebook would be a solution of last res...
Leer más »
Finsbury buyout would test WPP breakup defencesPublic relations guru Roland Rudd wants to buy back his firm from the ad giant. Accepting the mooted 100 million pound price tag might prompt other WPP units to go it alone. Despite their 18-year relationship, it’s a reminder of the fragility of people businesses.
Leer más »
Austrian Government’s Breakup Is Latest Blow to Europe’s Far-Right MovementChancellor Sebastian Kurz dissolved the government after Freedom Party leader Heinz-Christian Strache, a prominent anti-immigration advocate, resigned after the release of a video of him offering public contracts to a woman he believed to be a Moscow oligarch.
Leer más »
China trip and son's wedding: Sri Lanka leader denounced after Easter bombingsAfter coming under fire for not acting on warnings about Easter bombings that ki...
Leer más »
Pompeo's trips 'dreaded' by European allies as transatlantic relations sourSecretary of State Mike Pompeo’s trip overseas has already caused a stir in some European capitals, leaving transatlantic relations under 'severe strain,' experts warn.
Leer más »
Canadian high schoolers on fat-tire bikes hunted a 1,500-pound bison during a field trip“The Yukon is a very unique place in Canada where outdoor education with these type of trips are still happening,” one teacher said.
Leer más »
Texas man accused of shooting two acquaintances after they don't invite him on tripPolice in Texas arrested 37-year old Donald Benavidez following a shootout where he fired upon two men because they didn’t invite him on an outing.
Leer más »
Georgia governor delays film trip amid abortion ban falloutGov. Brian Kemp delays annual trip to Los Angeles to promote Georgia's film industry as movie executives, producers and actors criticize state's new abortion ban.
Leer más »