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  "documentTitle": "FirstGroup plc (FGP)",
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  "authorName": "Sandell Asset Management",
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  "presentationDate": "2014-01-15 00:00:00",
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      "text": "FirstGroup should take advantage of the opportunity to deliver value to shareholders while driving long term operational and financial performance",
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      "text": "Sandell has proposed a number of steps which we believe will drive long term operational and financial performance at FirstGroup. We believe there are no major technical obstacles to executing the Sandell Plan. We hope that the Board will re-evaluate its rejection of the Sandell Plan and will recognise that the plan can work in conjunction with a sound turnaround plan. We firmly believe that the Company should take advantage of the current favourable market conditions to maximise the chance of success at both FirstGroup US and New FirstGroup in the long-term. We believe there is strong shareholder support for our ideas and this belief has been reinforced since our engagement with the Company became public. We look forward to having constructive discussions with the Board and its new Chairman in the near future.",
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