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  "notes": "Includes detailed footnotes explaining the methodology for the Sandell estimate of the UK Bus pension deficit.",
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      "text": "The reported deficit in the UK Bus pension plans was only £45m. However, to be conservative, we have assumed that this deficit has increased since the last triennial valuation due to a decrease in the discount rate.",
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      "text": "Source: Company filings, Sandell estimates, Bloomberg. (1) FirstGroup 2013 half yearly report. (2) In the most recent half yearly report...",
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