FirstGroup

FirstGroup rejects hedge fund call for company breakup and asset sales

UK-based FirstGroup said no to the proposal of hedge fund Sandell Asset Management to split the company and sell assets, saying the plan contained a number of structural flaws and inaccuracies, a Bloomberg report said.

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Sandell Asset Management urges FirstGroup to sell US businesses- report

A Financial Times report said activist investor Sandell Asset Management has written a letter to UK transport group FirstGroup to sell its US businesses so it can pay down debt.

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