Laidlaw, FirstGroup clear waiting period hurdle, merger to close Monday

By Lisa Kerner

Charlotte, N.C., Sept. 28 - The U.S. Department of Justice granted early termination of the Hart-Scott-Rodino waiting period in the proposed acquisition of Laidlaw International, Inc. by FirstGroup plc.

With no further regulatory review necessary, the merger is expected to be completed on Monday, a company news release stated.

The companies announced a definitive merger agreement on Feb. 9, 2007 that gives Laidlaw stockholders $35.25 per share in a deal valued at some $3.6 billion.

Laidlaw is a Naperville, Ill., holding company for North America's largest providers of school and inter-city bus transport services and a supplier of public transit services. FirstGroup is a passenger transport group based in Aberdeen, Scotland.

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