Management & Operations

Coach USA In Talks With Unnamed Suitor for $1.07 Billion Deal

Posted on June 10, 1999

According to an article in the Wall Street Journal, Coach USA Inc. said it is negotiations with an unidentified party to be acquired for $43 a share, or $1.07 billion. The target involves a large bus and taxi concern, with operations in 33 states. It reportedly has hired a financial adviser to help its board with the negotiations, which is characterized as “exclusive discussions.” While the company declined to identify its suitor, analysts believe the buyer could be a financial investor. In the past, market rumors suggested Canada’s Laidlaw, Inc. might be interested, but instead Laidlaw bought Greyhound Lines Inc., of Dallas earlier this year. Another possibility is a suitor from offshore, observers add. There are several British companies that operate a variety of transportation services, and one, National Express Group, has been very active in acquiring North American companies recently.

View comments or post a comment on this story. (0 Comments)

More News

NorthEast Charter joins IMG network

The company joins IMG’s Cyr Bus Lines in serving the state of Maine and surrounding areas.

TriMet's GM McFarlane to retire

He led the expansion of TriMet’s light rail system, which has become a national model for integrating land use and transportation planning, policy and development.

Nashville mayor unveils $5.2 billion transportation plan

It includes 26 miles of Nashville’s first-ever light rail system, four rapid bus routes, a dramatic increase in the service and frequency of the bus system, and a strategy of service and infrastructure improvements.

RATP Dev North America adopts one brand

Rebranding of McDonald Transit and RDMT simplifies client interactions by immediately connecting clients to the parent company in North America.

MV Transportation names IT exec to CEO post

Kevin Jones joins MV from DXC Technology, a publicly traded IT services company, where he served as sr. VP and GM of the Americas region.

See More News

Post a Comment

Post Comment

Comments (0)

More From The World's Largest Fleet Publisher

Automotive Fleet

The Car and truck fleet and leasing management magazine

Business Fleet

managing 10-50 company vehicles

Fleet Financials

Executive vehicle management

Government Fleet

managing public sector vehicles & equipment

TruckingInfo.com

THE COMMERCIAL TRUCK INDUSTRY’S MOST IN-DEPTH INFORMATION SOURCE

Work Truck Magazine

The number 1 resource for vocational truck fleets

Schoolbus Fleet

Serving school transportation professionals in the U.S. and Canada

LCT Magazine

Global Resource For Limousine and Bus Transportation

Please sign in or register to .    Close