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Schroders urges FirstGroup to reject £1.2bn takeover bid from US private equity firm
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Schroders, the largest shareholder in UK bus and train operator FirstGroup, has urged it to reject a £1.2bn takeover bid from US private equity firm I Squared.
In a public statement the London-based asset manager, which owns almost 18% of FirstGroup, said that the level and structure of the bid was “unattractive”.
Andy Simpson, Schroders’...
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