(21 Sep 2021, 7:47 am)Andreos1 wrote Whilst it's early days, I do think this is a major factor or reasoning behind the deal.
Particularly with the likes of flixbus entering the market. 

I can also see it being the end of Nat Ex routes being operated by some of the other major players and that work being carried out by Stagecoach. As an example, North East based Nat Ex routes would be stabled and operated out of Walkergate should this deal come off.

This is The Guardians take it on it. https://www.theguardian.com/business/202...us-company

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It appears to be the other way around. Nat Ex would be the biggest shareholder and it seems to be them leading the bid.

Surprised that Stagecoach would enter into a merger as the smaller shareholder, Megabus has a small percentage of non-stagecoach owned vehicles, whereas National Express has none. Stagecoach do however have some coaches with National Express. Be interesting to see how this plays out.