Statement regarding EQT Infrastructure’s acquisition of First Student and First Transit
EQT Infrastructure stands behind the terms of its agreement to acquire First Student and First Transit and opposes the actions of Coast Capital taken to undermine the transaction. The transaction is the result of a robust and competitive process run by three of the world’s leading investment banks and is unanimously supported by a board primarily composed of independent directors. The deal was struck at a good time for shareholders when debt and equity markets were trading at all-time highs, supporting robust valuations. Vaccine rollout in the US was in full swing with clear visibility