DALLAS -- Greyhound Lines Inc. has become a wholly owned subsidiary
of Laidlaw Inc. after shareholders approved the $403 million
purchase of the company Tuesday. Burlington, Ontario-based Laidlaw
Inc., is North America's largest provider of city transit fleets,
school buses and ambulances.
Laidlaw Inc., which already owns Greyhound Lines of Canada, will
buy its U.S. counterpart for $6.50 per share in cash, according to
Greyhound. The two companies will retain their brand names, a
spokesman for Greyhound said.