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WYRC in takeover deal

27th July 1989, Page 16
27th July 1989
Page 16
Page 16, 27th July 1989 — WYRC in takeover deal
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Which of the following most accurately describes the problem?

• West Yorkshire Road Car is set to lose its Leeds and Bradford operations to Yorkshire Rider in a takeover deal involving 120 buses and 400 employees. AJS Holdings subsidiary WYRC will be halved in the deal and its remaining operation is to be formed into a separate Keighley and District company. Under the deal, Yorkshire Rider will take over buses, spares and equipment from the Leeds, Bradford and Otley depots, but the premises are owned by Parkdale Holdings and will be sold separately. Operations will be transferred to YR's Interchange and Bramley depots.

YR's employee/shareholders have yet to approve the deal, but they are expected to confirm it by the 8 August completion date.

AJS will be left with York City and District, Harrogate and District, and Keighley and District as remaining units from the original West Yorkshire Road Car company privatised as part of the National Bus break-up in August 1987.


Locations: Bradford, Otley, Leeds, York City

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