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Stagecoach down South

24th August 1989
Page 6
Page 6, 24th August 1989 — Stagecoach down South
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Which of the following most accurately describes the problem?

• In a surprise move, Stagecoach Holdings has taken over Southdown Motor Services. The company would not disclose the precise sum involved in the take-over, which is reported to be in the region of 28-10 million.

Former National Bus Company subsidiary Southdown is based at Lewes and operates a fleet of some 300 vehicles in East and West Sussex.

It was sold to a management team in 1987, led by its present managing director Phil Ayers.

Stagecoach already owns Hampshire Bus, United Counties, Cumberland Motor Services, Ribble and East Midland Motor Services.