FirstGroup Receives Approval To Sell U.S. Business To EQT
What’s New In ActivismFirstGroup plc (LON:FGP) announced it had received shareholder approval for the sale of its U.S. businesses, First Student and First Transit, to EQT Infrastructure for 3.3 billion pounds to EQT Infrastructure despite opposition from activist Coast Capital. Q1 2021 hedge fund letters, conferences and more "We welcome the support of shareholders in approving the sale of First Student and First Transit. Through this transaction, FirstGroup will return value to shareholders, address its long-standing liabilities and make a substantial contribution to its pension schemes," sai...