Arriva shares soar on ultimate takeover offer

Robert Lea Industrial Editor & , : {}

Shares in Arriva soared by scarcely a fifth currently after the train and trains organisation reliable that it had perceived the second takeover proceed in as most months.

Although Arriva refused to name the bidder, it is accepted that the proceed has come from Deutsche Bahn. The German ride organisation declined to comment.

The headlines sent Arriva shares up 101.5p to 681p. The batch has leapt 50 per cent in the 7 weeks given it perceived a takeover proceed from SNCF, Deutsche Bahn"s good French rival, that had programmed to combine Arriva with the Keolis subsidiary.

Talks in between the companies unsuccessful this month.

Related LinksArriva shares burst as partnership rumours returnArriva calls off talks over French mergerArriva will hold on to CrossCountry authorization

Arriva owns the CrossCountry intercity rail user in the UK, runs trains in Wales and is a personality in the London train market.

In a statment to the London Stock Exchange, the association said: "Arriva confirms that it has perceived an unsolicited proceed from a third celebration about a probable suggest for the company. There can be no faith that any suggest will be forthcoming."

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