defa14a
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 14A
Proxy Statement Pursuant to Section 14(a) of the Securities
Exchange Act of 1934 (Amendment No. )
Filed by the Registrant þ
Filed by a Party other than the Registrant o
Check the appropriate box:
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Preliminary Proxy Statement |
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Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) |
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Definitive Proxy Statement |
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Definitive Additional Materials |
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Soliciting Material Pursuant to §240.14a-12 |
Laidlaw International, Inc.
(Name of Registrant as Specified In Its Charter)
(Name of Person(s) Filing Proxy Statement, if other than the Registrant)
Payment of Filing Fee (Check the appropriate box):
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No fee required. |
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Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11. |
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Fee paid previously with preliminary materials. |
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Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2)
and identify the filing for which the offsetting fee was paid previously. Identify the
previous filing by registration statement number, or the Form or Schedule and the date of its
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Date Filed: |
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Set forth below is a copy of a letter distributed to employees of Laidlaw International, Inc. on March 5, 2007.
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395 King Street |
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Aberdeen AB24 5RP |
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Tel: +44 (0) 1224 650100 |
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Fax: +44 (0) 1224 650140 |
5 March 2007
Dear Colleagues
I am delighted to have the opportunity to contact you about our plans for
FirstGroup and Laidlaw International. First and Laidlaw are two strong,
well-respected companies which fit well together. Both companies share
the same commitment to safety and delivering high quality services to the
customers and communities we serve. We look forward to the time we can
welcome you to First as new colleagues in North America and work together
to integrate our two businesses.
The questions on all your minds are, I am sure, what will this mean to
me, what will the process be, when will I know if our office is closing
or moving, will FirstGroup really look for the best people and systems,
what will happen to the many projects Laidlaw now has underway? It is a
little early to answer all of these questions in detail, but I would like
to give you a sense of our thoughts at present and assure you that I will
keep you informed as our plans are developed.
We see this as an exciting opportunity to deliver an even higher level of
quality and service to our customers and an improving working environment
for our people by combining these two well-respected businesses. Our
offer to buy Laidlaw was driven by our respect for the standards that you
have achieved in terms of customer service, by the reputation that you
have built as a progressive and responsive innovator of change and by our
interest in the many projects that you have underway to optimize the use
of technology in all areas of your business.
Like Laidlaw, we are committed to growing and improving our business. In
combining our operations we want to take the best practices and ideas
from both companies. Well also get benefits from spreading development
costs over a larger business and reducing senior management overhead and
administrative costs. This will enable us to offer even more attractive
and competitive services for our customers.
Kevin Benson and Dean Finch (FirstGroups CFO) are meeting next week to
establish the integration team that will oversee planning for the merger
of our two companies. Kevin and Dean will be leaders of this team, which
will also include a number of other senior officers from both companies.
Over the next month, this team will meet to discuss and begin to plan key
issues of organization structure, office locations, key executives,
systems integration and compensation practices and will appoint a number
of sub teams to address these specific areas.
In planning the combined organization, we recognize that, after the
transaction closes, there will of course be job loss at the Laidlaw
International, Inc. holding company level, as we will no longer be
obligated to meet the many reporting requirements of a public US
company. It goes without saying that we will treat those people fairly
and recognize the contribution they have made to Laidlaw over the years.
However, we do NOT anticipate that there will be any significant
reduction in the number of positions at the operating locations. We
fully intend to grow these companies, not shrink them, and we would like
to retain all our employees to enable us to do just that.
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FirstGroup plc
Registered in Scotland number 157176
395 King Street, Aberdeen AB24 5RP |
We want to ensure that in the enlarged business, we get the best person in the best position.
It is not the way we do things to prefer our own people to those in the company we have acquired.
We have acquired many companies over the years and offering opportunities equally to the employees
of all companies has enabled us to keep those employees, instead of losing the very asset we most
wanted.
While no actual integration can take place until after the merger closes, our plans for integration
will be communicated to you as they are agreed. These decisions will be made on the simple basis of
what will be best for the new combined company. Again I would stress that we expect little impact
on the operations of Greyhound and the front line operations of the school bus and transit
businesses.
I would like to close with a brief introduction to our company. First is a leader in safe,
innovative, reliable, and sustainable transportation services were global in scale but local in
approach. We have a record of successful expansion, profitable performance, cooperation with local
management and respect for all our staff.
Over the last twenty years, we have become a market leader in passenger transportation in the UK
and North America. We now carry more than 1 billion bus passengers and more than 250 million rail
passengers every year in the UK. In the United States and Canada we have a strong track record and
safely transport more than a million students to and from school every day.
We entered the North American market in 1999 and since then weve successfully expanded three
well-respected businesses First Student, which operates more than 22,000 school buses across US
and Canada; First Transit, which is one of the largest private providers of transit
management and contracting; and First Services, which is the largest US private provider of
vehicle maintenance and auxiliary services.
Our vision is to be the employer of choice in our industry. By aiming to be the best in
everything we doand by helping each otherwe can deliver the highest levels of safety and
service resulting in even greater customer and employee satisfaction.
I hope that you find this letter helpful. I know that you will have further questions during this
time of change and I want to reassure you that we will keep you updated on plans and progress as
we move towards completion.
I hope to visit a number of Laidlaw offices very soon and I look forward to meeting the employees
whove helped to make Laidlaw the success it is today.
Yours sincerely
Moir Lockhead
Chief Executive
Additional Information and Where to Find It
In connection with the proposed merger and required stockholder approval, Laidlaw International
will file with the U.S. Securities and Exchange Commission a preliminary proxy statement and a
definitive proxy statement. The proxy statement will be mailed to Laidlaws stockholders. Laidlaws
stockholders are urged to read the proxy statement and other relevant materials when they become
available because they will contain important information about the above-described transactions
and Laidlaw. Investors and security holders may obtain free copies of these documents (when they
are available) and other documents filed with the SEC at its web site at www.sec.gov. In addition,
investors and security holders may obtain free copies of the documents filed with the SEC by
Laidlaw by going to Laidlaws Investors page on its corporate website at www.laidlaw.com or by
directing a request to Laidlaw International, 55 Shuman Boulevard, Naperville, IL, 60563.
Attention: Investor Relations.
Laidlaw and FirstGroup and their respective directors and executive officers may be deemed to be
participants in the solicitation of proxies from the stockholders of Laidlaw in connection with the
above-described transactions. Information about Laidlaw and its directors and officers can be
found in Laidlaws Proxy Statements and Annual Reports on Form 10-K filed with the SEC. Information
about FirstGroup and its directors and officers can be found in FirstGroups Annual Reports
available on FirstGroups Investor Centre page on its corporate website at www.firstgroup.com.
Additional information regarding the interests of those persons may be obtained by reading the
proxy statement when it becomes available.