National Express Group PLC (LSE: NEX) said it has received a further approach - other than the one from FirstGroup PLC (LSE: FGP) announced on June 29 2009 - in connection with a possible offer for the group from another third party whose intentions are not yet known.
The company made the statement in response to FirstGroup’s announcement it does not intend to make an offer for National Express.
It said the FirstGroup move was a highly preliminary approach regarding a potential share for share merger on unspecified terms. National Express confirmed that it was focused on implementing a number of initiatives to strengthen the group and did not consider it appropriate to enter into discussions with FirstGroup.
There can be no certainty that the latest approach will lead to an offer being made for National Express or as to the terms on which any offer might be made.
A further announcement will be made when appropriate.
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