Laidlaw, FirstGroup merger could close in early October

By Lisa Kerner

Charlotte, N.C., Sept. 4 - Laidlaw International, Inc. and FirstGroup plc now expect to close their merger during the first week of October. Meanwhile, the regulatory review under the Hart-Scott-Antitrust Improvements Act continues.

On July 11, the companies agreed to provide the Antitrust Division of the U.S. Department of Justice with additional time in which to complete its review and agreed to provide not less than 30 days' notice of their intention to complete the acquisition.

Laidlaw and FirstGroup have made "substantial progress" toward resolving certain issues with a group of state attorneys general.

It was previously reported that Laidlaw agreed on Feb. 8, 2007 to be acquired by FirstGroup for $35.25 per share in cash, or about $3.6 billion.

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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