Stagecoach goes bargain hunting in US

Transport group Stagecoach is set to acquire selected businesses and assets from Coach America, a bankrupt operator of bus and coach services in the US.

Transport group Stagecoach is set to acquire selected businesses and assets from Coach America, a bankrupt operator of bus and coach services in the US.

Stagecoach will buy businesses and related assets and liabilities for $134.2m (circa £85m), while a further 85 coaches may be sold at Coach America's option for $25.6m (c.£18m).

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