The British passenger transport services Arriva acknowledged today that it is in talks with German rail operator Deutsche Bahn on the possible terms of a recommended takeover offer in cash, confirmed today in a statement.

Deutsche Bahn has reported its intention to make an offer of 775 pence in cash for each share of Arriva. In addition, the British company's shareholders would be entitled to receive the final dividend of 18.8 pence per share for the fiscal year ended December 31, 2010 and will be paid on May 10, 2010.

It also affects the Deutsche Bahn proposal is subject to the satisfactory completion of the review of financial statements of the company from Deutsche Bahn, the unanimous recommendation of the Arriva board of directors and the approval of the terms of the offer by the relevant public body.

On the other hand, points out that, as required by law, this release has the consent of Deutsche Bahn. But he adds that there is no certainty that any offer is to be published, even if the conditions are finally met. "Deutsche Bahn has reserved the right to waive, in whole or in part, to any or all of the conditions covered," he added.

The Board of Arriva responds to the information published today in some media about a possible bid from Deutsche Bahn, which are affecting the behavior of their actions.