Good example to highlight the difference between Merger and Acquisition.
National Express 'did not invite' Stagecoach deal
by Robert Lindsay
National Express today disputed claims that it had invited a merger approach from its rival, Stagecoach.
Earlier today, Stagecoach said it had submitted a letter on October 16, “at the invitation of National Express”, detailing the terms of a deal.
Read the whole article at: http://business.timesonline.co.uk/tol/business/industry_sectors/transport/article6880710.ece
Also interesting notes on the fund raising process for an Acquisition.
Rival renews National Express bid
Stagecoach has made a fresh offer to buy rival National Express, despite a consortium pulling out of takeover talks last week.
The group, comprising private equity firm CVC Capital and National Express's largest shareholder, the Cosmen family, withdrew its £765m offer on Friday.
Read the whole article at: http://news.bbc.co.uk/1/hi/business/8313780.stm