Public outcry forced SMRT to postpone it's decision to bid for London taxi firm until after GE


Reuters, 12 Oct 2014
Singapore public transport operator SMRT Corp Ltd said on Monday that it has decided not to make a bid for London-based taxi firm Addison Lee.
Sky News reported on Saturday that SMRT was in the early stages of considering an 800 million pound ($1.3 billion) offer for the firm, which is currently majority-owned by private equity firm Carlyle Group.
"Having considered the matter, the company has decided not to make a bid at this stage to acquire Addison Lee," SMRT said in a statement to the Singapore stock exchange. Link
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