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Final takeover offer for National Express

Final takeover offer for National Express

6:29pm 3rd September 2009
(Updated 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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