Waiting period in FirstGroup, Laidlaw merger extended

By Lisa Kerner

Charlotte, N.C., May 1 - FirstGroup plc and Laidlaw International, Inc. received a request for additional information from the Antitrust Division of the U.S. Department of Justice regarding the companies' planned merger.

As a result, the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 is extended until 30 days after the companies substantially comply with the second request, or unless terminated earlier by the justice department.

On April 20, Laidlaw stockholders approved the company's merger with FirstGroup. The Feb. 9 agreement calls for FirstGroup to acquire Laidlaw for $35.25 per share in a transaction valued at $3.6 billion, including debt.

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.

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