National Express.

[G-CPTN]

The consortium seeking a £765 million takeover of struggling transport group National Express has been granted another three weeks to seal a deal.

http://www.google.com/hostednews/ukp...Ced9pWlsLBuQWQ

[G-CPTN]

CVC are the owners of the Formula One rights.

http://www.cvc.com/Content/EN/OurCom....aspx?PCID=737

Stagecoach - which has agreed an outline deal with the suitors to take on the UK rail and bus business.

National Express is also saddled with almost £1 billion in debts and if the takeover does not go ahead it is likely to call on shareholders for funds.

[Western SMT]

CVC funds own 52 companies worldwide employing approximately 447,000 people in numerous countries. Together these companies have combined annual sales of €88.0 billion.

http://www.cvc.com/Content/EN/OurCom...Companies.aspx

[G-CPTN]

Stagecoach has made a fresh offer to buy rival National Express, despite a consortium pulling out of takeover talks last week.

http://news.bbc.co.uk/1/hi/business/8313780.stm

[Western SMT]

Quote from another source

National Express said it received a “highly preliminary” proposal from Stagecoach for a 1.7 billion-pound all-share transaction in which National Express shareholders would hold no more than 40 percent of the enlarged group.
National Express will “carefully consider” the proposal while continuing to progress with its plans for an equity fund raising, it said in a statement late yesterday.