Friday, September 28, 2007

It's over: FirstGroup and Laidlaw Merger is Approved.

7 months after it's announcement, the previously proposed merger between FirstGroup, owners of First Student, and Laidlaw has been approved by the United States Department of Justice.

This clears the final hurdle for the two transit giants to merge and form one mega-corporation. The new company, will be formed once the deal closes on or around Monday, October 1st.

It's as of now unknown what the new FirstGroup will name it's newly acquired Greyhound Bus line. If their previous naming schemes are any indicator, we're betting on First Greyhound. But who knows.

We're keeping up with the merger as it progresses.

0 of your thoughts.: