US buy speeds up Stagecoach
Saturday 19 May 2012
The bus and rail firm Stagecoach spent £85m on buying nine businesses from its struggling US rival Coach America yesterday in an opportunistic move to bolster its fast-growing North American business.
The move gives it extra depots to expand its megabus.com brand, as well as a platform in Texas and California. Coach America, which is one of the biggest players in the US, has been operating under Chapter 11 bankruptcy protection since January.
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