|Bid||127.80 x 0|
|Ask||128.00 x 0|
|Day's Range||127.30 - 129.80|
|52 Week Range||113.60 - 184.70|
|Beta (3Y Monthly)||1.08|
|PE Ratio (TTM)||33.68|
|Earnings Date||Jun 26, 2019|
|Forward Dividend & Yield||0.08 (5.97%)|
|1y Target Est||172.67|
(Bloomberg) -- Deutsche Bahn AG, Germany’s state-owned rail operator, has attracted interest from more than 10 buyout firms and competitors for all or parts of its European transport unit Arriva, people familiar with the matter said.Apollo Global Management LLC, Carlyle Group LP and Lone Star Funds are among suitors that made initial offers for the whole business ahead of Thursday’s deadline, according to the people. It could fetch about 3.5 billion euros ($3.9 billion) to 4 billion euros, the people said, asking not to be identified because the discussions are private.Rival European transportation firms including Go-Ahead Group Plc, Stagecoach Group Plc and Transdev Group submitted bids for parts of U.K.-based Arriva, the people said. Singapore’s ComfortDelGro Corp., which owns British bus operator Metroline Ltd., also made an offer for some of Arriva’s assets, one of the people said. The sale also attracted preliminary interest from French national train operator SNCF’s Keolis SA unit, according to the people.Deutsche Bahn announced plans in March to divest Arriva to help pay off debt and is exploring a sale as well as an initial public offering in Amsterdam. It acquired the company, which employs more than 53,000 people in 14 European countries for its bus and rail operations, for 1.6 billion pounds ($1.9 billion) in 2010.Representatives for Apollo, Carlyle, Deutsche Bahn, Lone Star, Stagecoach and Transdev declined to comment. ComfortDelGro couldn’t immediately be reached for comment during a public holiday Monday in Singapore. Representatives for Go-Ahead and Keolis also didn’t respond to requests for comment.(Updates with ComfortDelGro interest in third paragraph.)\--With assistance from Marcus Wong and Jan-Henrik Förster.To contact the reporters on this story: Aaron Kirchfeld in London at email@example.com;Sarah Syed in London at firstname.lastname@example.org;Simon Foy in London at email@example.comTo contact the editors responsible for this story: Daniel Hauck at firstname.lastname@example.org, Ben Scent, Fion LiFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Stagecoach Group plc Notification of Transactions of Directors/Persons Discharging Managerial Responsibility and their Closely Associated Persons Yorkshire Building Society.
In conformity with the Financial Conduct Authority's (the “FCA”) Disclosure and Transparency Rule 5.6.1, the issued share capital of Stagecoach Group plc as at 31 July 2019 was 576,099,960 Ordinary shares of 125/228th pence each. This figure includes 17,376,212 Ordinary shares held in treasury. The total number of voting rights in Stagecoach Group plc is 558,723,748.
Debenhams PLC creditors are left in full charge of the company after a sale process for the department store group ended with no acceptable bids being received. British transport operator Stagecoach Group PLC launched a legal action against the British Department for Transport, alleging the DfT had breached its statutory duties over procurement. U.S. Secretary of State Mike Pompeo suggested on Wednesday that Britain's plans to open up parts of its 5G network to China's Huawei could allow Beijing "to control the internet of the future" and "divide Western alliances through bits and bytes".
The Department for Transport has asked rail franchise bidders to take on the full long-term funding risk of parts of the Railways Pension Scheme and disqualified Stagecoach's bid for the East Midlands franchise because it did not comply with that request. Stagecoach, which also said it was considering legal action over the other two disqualifications, estimates the liability could be well in excess of 1 billion pounds ($1.3 billion).
German railway operator Deutsche Bahn has asked potential suitors of its British unit Arriva to express their interest in the asset by May 3, according to an advertisement published in the Financial Times newspaper on Wednesday. Deutsche Bahn said in the ad that it was working with Citi and Deutsche Bank on the divestiture and that it was open to a sale of all of Arriva to one or multiple parties, adding that a flotation is also an option. The company has come under pressure to plug a funding gap and has said that a sale or listing could help it limit the rise in its debt and give Arriva - which it bought in 2010 - financial leeway for growth.