Laidlaw International sets April 20 as date for stockholders to vote on FirstGroup merger

By Lisa Kerner

Charlotte, N.C., March 21 - Laidlaw International, Inc. said it will hold a special meeting of stockholders on April 20 to vote on its merger with FirstGroup Acquisition Corp., a wholly owned subsidiary of FirstGroup plc.

Stockholders of record as of the close of business on March 19 will be entitled to vote at the meeting, which will be held in Lisle, Ill.

On Feb. 9, FirstGroup plc entered into a definitive merger agreement to acquire all of the outstanding shares of Laidlaw International for $35.25 per share in a transaction valued at $3.6 billion, including debt.

The transaction has been approved by Laidlaw International's board of directors.

Laidlaw is a Naperville, Ill., holding company for North America's largest providers of school and inter-city bus transport services and a supplier of public transit services.

FirstGroup is a passenger transport group based in Aberdeen, Scotland.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.