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Business Comment Lead Story: Issue 304 9 Feb 2007

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Acquisitions, Bus, Coach, First, Other, North America

Laidlaw looks a surprisingly affordable purchase for First

The speculation surrounding First Group’s alleged interest in Laidlaw, the US bus giant, refuses to go away. The International Brotherhood of Teamsters, which represents thousands of First and Laidlaw employees in North America, has spoken out against any takeover, warning that it could damage Laidlaw. It seems unlikely that they would take this step unless they believed that there is a realistic prospect of it happening. Across the Atlantic, one British newspaper this week reported that...

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