Monday, 29 June 2009

NatEx rejects first overtures

This from National Express Group PLC...

Statement regarding press speculation

National Express Group PLC ('National Express' or 'the Group') notes recent press speculation regarding a potential offer for the Group.

The Board of National Express confirms that on 19 June 2009 it received a highly preliminary approach regarding a potential share for share merger on unspecified terms from FirstGroup plc.

At the present time, the Board is focused on implementing a number of initiatives to strengthen the Group and does not consider it appropriate to enter into discussions with FirstGroup plc.


The Group's pre-close trading statement for the first half year will be issued on Wednesday 1 July 2009.