Greyhound Corp. completed sale of its bus line.
- Share via
The nation’s largest intercity bus concern became the property of GLI Holdings Inc. of Dallas. Purchase price was exceeded $350 million in cash, securities, royalties and other considerations. On its first day under new management, Greyhound slashed fares on 166 of its shorter routes, many by 50% or more. “These are new, lower fares, not just opening day specials,” said Fred G. Currey, chairman and president of the successor bus company.
Sign up for Essential California
The most important California stories and recommendations in your inbox every morning.
You may occasionally receive promotional content from the Los Angeles Times.
