After Divestitures, DOJ OKs $200M Bus Co. Merger

Law360, New York (May 1, 2012, 6:33 PM EDT) -- Bus company National Express Corp. has agreed to sell off several public school bus contracts in the states of Texas and Washington to allay antitrust concerns from the U.S. Department of Justice over the company's proposed $200 million purchase of rival Petermann Partners Inc., the DOJ said Monday.

National Express, a subsidiary of U.K.-based National Express Group PLC, and Cincinnati-based Petermann, which both contract with school districts throughout the U.S. to provide bus transportation for students, would sell eight contracts to a competitor, Student Transportation of...
To view the full article, register now.