British firm buys largest U.S. school bus company for $2.8 billion

Britain's FirstGroup Plc agreed to buy Laidlaw International Inc., owner of the largest U.S. school bus company and the Greyhound bus service, for $2.8 billion. FirstGroup will merge its Ryder U.S. student buses division, acquired in 1999, with Laidlaw's fleet of 41,000 school buses and contracts with more than 1,000 school systems.

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