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Mobico Stock Crashes 41% After Undervalued School Bus Sale
Mobico's share price crashed 41 percent after selling its US school bus unit for £457 million, far less than anticipated, causing an 84 percent decline since early 2020 and adding to concerns about its over £1 billion debt and the impact of lingering pandemic issues.
Mobico Stock Crashes 41% After Undervalued School Bus Sale
Mobico's share price crashed 41 percent after selling its US school bus unit for £457 million, far less than anticipated, causing an 84 percent decline since early 2020 and adding to concerns about its over £1 billion debt and the impact of lingering pandemic issues.
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