KLS kelsian group limited

(Adds background, details, share moves) June 13 (Reuters) -...

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    (Adds background, details, share moves)

    June 13 (Reuters) - British transport operator Go-Ahead GOG.L said on Monday it had received two separate takeover approaches at a price it planned to recommend to shareholders if the potential suitors tabled a firm offer, sending its shares nearly 20% higher.

    The two bidders - Australia-based transport service provider Kelsian Group Ltd (KLS) , and a consortium of Australia's Kinetic Holding Company and Spain-based transport infrastructure management firm Globalvia Inversiones - have been given access for due diligence, the London-listed firm said.

    Shares in the company climbed nearly 20% to 1,446 pence by 0854 GMT - hitting a more than one-year high after the news. Its market value stood at 522.4 million pounds ($638.16 million) as of Friday's close.

    Go-Ahead, which runs more than 6,000 buses in England and Britain's largest passenger rail contract, becomes the latest UK transport takeover target after FirstGroup FGP.L and StageCoach SGC.L .

    The proposals, whose values were not disclosed, have come weeks after the company said it planned to expand its transport operations and reinstate its pre-COVID-19 dividend policy after a months-long strategic review.

    ($1 = 0.8186 pounds)

 
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(20min delay)
Last
$3.79
Change
-0.010(0.26%)
Mkt cap ! $1.026B
Open High Low Value Volume
$3.83 $3.84 $3.76 $1.834M 483.8K

Buyers (Bids)

No. Vol. Price($)
2 5154 $3.78
 

Sellers (Offers)

Price($) Vol. No.
$3.79 9070 4
View Market Depth
Last trade - 16.10pm 30/06/2025 (20 minute delay) ?
KLS (ASX) Chart
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