1. FirstGroup: Rebuffs Shareholder Push to Change CEO

    FirstGroup: Rebuffs Shareholder Push to Change CEO

    (Reuters) - Britain's FirstGroup plc on Tuesday rejected top shareholder Coast Capital's proposals to appoint a new chief executive, overhaul its board and exit the rail business, saying they were not in the company's "best interests". Bowing to investor pressure, FirstGroup last week put its iconic North American bus line Greyhound for sale and said it would spin off its UK First Bus business...

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    1. The Board believes that Coast Capital is an opportunistic, self-interested player that is only focussed on short-term gains.
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