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.