Greyhound Corp. completed sale of its bus line.
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.
Start your day right
Sign up for Essential California for news, features and recommendations from the L.A. Times and beyond in your inbox six days a week.
You may occasionally receive promotional content from the Los Angeles Times.
