A PYMNTS Company

UK: OFT misses bus buyout deadline

By  |  August 2, 2013

The UK’s Office of Fair Trading reportedly missed its deadline of July 26 to rule on a buyout of a public transportation bus company, leaving the town of Redditch in limbo for another 20 days. Bus company Diamond acquired rival First Bus but the deal remains under review by the OFT. Reports say the buyout could also be referred to the Competition Commission. If cleared, Diamond will reportedly carry out its network review currently on hold while the merger awaits clearance.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Full Content: Reddich Standard

    We’d love to be your preferred source for news.

    Please add us to your preferred sources list so our news, data and interviews show up in your feed. Thanks!

    Add as Preferred Source

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.