|Bid||114.30 x 723600|
|Ask||114.60 x 370000|
|Day's Range||114.30 - 116.50|
|52 Week Range||76.15 - 154.50|
|PE Ratio (TTM)||13.16|
|Earnings Date||May 31, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||110.90|
Shares of FirstGroup PLC fell 13% in early trading Tuesday after Apollo Global Management LLC said it doesn’t plan to make an offer for the bus and rail company.
U.S. private equity group Apollo confirmed on Tuesday that it won't make an offer for British train and bus operator FirstGroup Plc, which also owns America’s Greyhound network. Apollo didn’t say why it's backing away, and all we know from FirstGroup is that the price Apollo had in mind was too low to warrant further discussion. The U.S. buyout firm’s interest had drawn screams of “asset-stripper" from the left-wing opposition Labour party and trade unions.
U.S. private equity firm Apollo Global Management (APO.N) has dropped plans to make a takeover bid for British bus and rail operator FirstGroup (FGP.L), after having two approaches turned down. Shares in Aberdeen-based FirstGroup, which has a market value of about 1.34 billion pounds, fell more than 10 percent on Tuesday following the news. Apollo did not say in its statement why it was abandoning plans to bid for FirstGroup, which operates Greyhound intercity coaches and school buses in North America as well as rail services in the United Kingdom.
FirstGroup plc provides passenger transport services. Firstgroup is one of United Kingdom’s some insider buying over the past three months, with insiders investing in more than 14 million shares duringRead More...
** General Electric Co is exploring a public offering for one of its divisions and discussing hybrid deals with public companies to combine assets, the Wall Street Journal reported, citing people familiar with the matter. ** Walmart Inc is likely to reach a deal to buy a majority stake in Indian e-commerce player Flipkart by the end of June in what could be the U.S. retail giant's biggest acquisition of an online business, two people with direct knowledge of the matter said.
A spate of dealmaking and strong financial stocks were outweighed by anxiety over the Syrian conflict and a rising pound on Thursday, keeping Britain's FTSE 100 flat. Britain's leading stock index (.FTSE) ended the day up 0.02 percent at 7,258.34 points, lagging European indices which gained in a recovery rally as some saw an easing of tensions over possible U.S. military action in Syria. "You've got the trade concerns on one side ... and you've got the threat of a military conflict in Syria, so while that's top of the agenda it's hard so see how the market can pave a road to recovery," Jasper Lawler, head of research at London Capital Group, said.
By Danilo Masoni and Julien Ponthus MILAN/LONDON (Reuters) - European shares rose on Thursday alongside a relief rally across global markets after U.S. President Trump signalled that military strikes in ...
British transport company FirstGroup (FGP.L) could be forced to break itself up or sell off parts of its business after rejecting a takeover approach from a U.S. private equity group. FirstGroup announced that it had turned down a "possible cash offer" from Apollo Global Management (APO.N) after the market closed on Wednesday, sending its shares up by as much as 12 percent early on Thursday. Analysts said that investor patience with FirstGroup, the operator of Greyhound buses in the U.S. and Britain's Great Western railway, was wearing thin and the offer could force management to act or prompt other suitors to try to break up the company.
British transport company FirstGroup could be forced to break itself up or sell off parts of its business after rejecting a takeover approach from a U.S. private equity group. FirstGroup announced that it had turned down a "possible cash offer" from Apollo Global Management after the market closed on Wednesday, sending its shares up by as much as 12 percent early on Thursday. Analysts said that investor patience with FirstGroup, the operator of Greyhound buses in the U.S. and Britain's Great Western railway, was wearing thin and the offer could force management to act or prompt other suitors to try to break up the company.
(Adds company news items, futures) April 12 (Reuters) - Britain's FTSE 100 index is seen opening 18 points lower at 7,239 on Thursday, according to financial bookmakers, with futures down 0.15 percent ...
Aberdeen-based FirstGroup said late on Wednesday that its board had unanimously rejected a cash proposal from Apollo. The FTSE 250-listed group said it was disclosing Apollo's bid after its shares leapt 7.4 percent to close at 101.8 pence.
British train and bus operator FirstGroup Plc said it rejected an “opportunistic” takeover proposal that private-equity firm Apollo Management made as the company struggles with under-performing rail routes ...
Firstgroup plc (LSE:FGP), a transportation company based in United Kingdom, received a lot of attention from a substantial price increase on the LSE over the last few months. With manyRead More...
Firstgroup plc (LSE:FGP) is trading with a trailing P/E of 9.1x, which is lower than the industry average of 12.5x. Although some investors may jump to the conclusion that thisRead More...
When Firstgroup plc (LSE:FGP) released its most recent earnings update (30 September 2017), I compared it against two factor: its historical earnings track record, and the performance of its industryRead More...