23.04.10
German takeover of Arriva likely
Arriva has indicated that negotiations between the company and the German state-backed rail firm have reached new levels.
There have been rumours that the talks are leading towards a deal worth around £1.5 billion.
The German firm has already had to increase its offer from 700p per share up to 775p, after Arriva shareholders turned down the first offer.
Arriva had also recently reported experiencing better sales figures, implying that it had weathered the economic crisis well.
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