As expected really:
21 September 2015: The CMA has cleared the anticipated acquisition of the Plymouth depot business and certain associated assets of First Devon & Cornwall Limited by Stagecoach Devon Limited. The full text of the decision will be available shortly.
That seemed quicker than usual. Perhaps the 'powers that be' are softening on Stagecoach? Obviously the right, sensible, decision.
ReplyDeleteWhat a waste of time and public money.
ReplyDeleteIn accordance with the Enterprise Act 2002, the CMA is legally bound to investigate all takeovers/mergers, so the fact it is a waste of time and public money is irrelevant insofar as the law stands.
DeleteNot according to its website, it's not. Having the power to investigate is not the same as being bound to investigate.
DeleteTrouble is the CMA would have also been criticised if they hadn't reviewed the takeover - hopefully this decision shows they may take a more pragmatic view in future
ReplyDeleteGraham
ReplyDeleteFleetlist updates
503 - Is in Red Flash, not plain red as shown on your fleetlist
484 - Is in Swoops, not in plain red as shown on your fleet list
104 - Is in Blue Flash and in service
106 - Is in Blue Flash and in service
Thanks!
DeleteThe fleet list is being updated today.