Go-Ahead Group PLC (LSE:LON:GOG), which operates Thameslink and Gatwick Express, said it received an improved offer from a consortium hoping to take over the transport group.
Australian bus network Kinetic and Spanish transport firm Globalvia had agreed to take over the London-listed firm for £647mln in June.
However, the consortium today improved its offer by £22mln despite there being no competition.
As a result, shareholders will receive £15.50 per share, an increase of 50p on the previous offer, which includes a special £1 dividend per share.
Back in July, the buyers said there will be a “limited” impact on the staff employed to support Go-Ahead’s listing on the London Stock Exchange, according to the Evening Standard.
Michael Sewards, co-chief executive of Kinetic, and Javier Perez Fortea, chief executive of Globalvia said in the Standard, “This transaction will create a leading global, multi-modal, mass transit platform and unlock value for all stakeholders.”
The deal is expected to be completed in October if all goes ahead as planned.