First Group to Sell Greyhound Bus Unit

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First Group to Sell Greyhound Bus UnitSelling the U.S. Greyhound bus service and its U.K. counterpart First Bus, and pulling back from its commitment to rail will secure the best value for shareholders, he told reporters on Thursday. FirstGroup, which owns a disparate group of bus and rail assets, has faced heavy criticism from its biggest shareholder, Coast Capital LLC. The company will now focus on two North American businesses -- First Transit, which manages public bus systems, and First Student, which operates yellow school buses -- where there is “significant potential to generate long term, sustainable value and growth,” Gregory said.


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