End of the affair for Tube Lines & the Underground?
In case you missed it due to the hung parliament (and most people probably did) there was a very, very interesting piece on page 49 of The Times about London Underground buying the shares of Tube Lines.
We also covered it but it did get drowned out by the election.
This type of deal has been tried before and as I've mentioned previously it didn't come off then. It looks like this deal is further down the track.
Some are saying a deal will be announced "within days" other insiders have told me there's a way to run on this.
Either way someone wanted to make a splash transport-wise on what could have been the first day of a new government and it didn't quite come off...
So will it happen? Well it sounds more probable than possible but it reminds me of when two of your friends are in the process of a long, acrimonous split. You've listened to both sides of the story for months and each slagging the other off.
And then suddenly both sides are sweetness and light and they agree to separate amicably as "friends" and it's as if the last four or five months never happened.
She will keep the dog, he will keep the car and you feel a bit of a mug?
Both London Underground and Tube Lines are issuing exactly the same statement.
There is always the lurking feeling that the "amicable separation" could unravel at any minute and, perhaps, you're not far away from shirts getting shredded?