British bus and rail operator Stagecoach has agreed to buy some of struggling Coach America's U.S. businesses, helping it grow its rapidly expanding North America operation, Reuters reported yesterday. Scotland-based Stagecoach said that it had agreed to buy nine of Coach America's businesses, including operations in Texas and California, for $134.4 million. Coach America is a major operator of bus and coach services in the United States and has been operating under chapter 11 protection since January 2012.
