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Stagecoach plan sidelined by sale

22nd November 1990
Page 6
Page 6, 22nd November 1990 — Stagecoach plan sidelined by sale
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Which of the following most accurately describes the problem?

• Stagecoach's plan to buy the National Welsh Bus company has been sidelined by a bid from the Cheltenham and Gloucester bus company for 40% of National Welsh.

The sale, which has been agreed in principle, will mainly involve the eastern part of the National Welsh.

Perth-based Stagecoach will not comment on this development. It already owns several English bus companies.