National Express (NX) is understood to have asked the Takeover Panel to impose a 'Put Up or Shut Up' deadline on the takeover approach from CVC, the private equity group and the Cosmen family from Spain. (
see comment dated 24th July)
The order would force the prospective bidders into making a firm offer within four weeks or walking away. NX is anxious to end uncertainty and also wants to press on with a rights issue if it is not taken over.
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