Kuoni drops First Choice merger offer

Article Abstract:

Kuoni Travel Holding AG announced that it would withdraw its bid to acquire First Choice Holidays PLC. The decision by Kuoni to withdraw opens to door to Airtours PLC to acquire First Choice, the third-largest tour operator in Great Britain. Only 30% of First Choice stockholders accepted Kuoni's offer. This prompted the Swiss company to allow its bid to expire. Airtours is the second-largest travel group in the UK.

Comment:

Kuoni to withdraw bid to acquire First Choice

Switzerland, Abstract, First Choice Holidays PLC, Kuoni Travel Holding Ltd.

---

Hogg Robinson agrees to offer from buyout team

Article Abstract:

Farnborough Ltd. will acquire Hogg Robinson PLC in a deal that values the latter at 231.9 million pounds (392 million euros). Hogg is a business travel agency based in the UK.

Insurance Agencies and Brokerages, Insurance agents, brokers, & service, Insurance Agents & Brokers, Insurance industry, Farnborough Ltd., Hogg Robinson PLC

---

Amadeus to acquire web-based system for travel agents

Article Abstract:

Amadeus Global Travel Distribution SA is acquiring US-based Vacation.com for $57 million (67.9 million euros) in cash. Vacation.com is a web-based travel agent consortium.

United States, On-Line Information Services, Videotex & Teletext, Telegraph & other communications, Spain, Online services, Internet services, Amadeus Global Travel Distribution S.A., Vacation.com

Similar abstracts:

• Abstracts: Deutsche Bank to buy most of Banque Worms from AXA. AXA chief vows more acquisitions as sector revives. De Castries likely to be new AXA chief
• Abstracts: Struggling Baan get new chief finance officer. Baan continues plunge amid renewed worries. Baan to sell Coda unit to Science Systems
• Abstracts: VoiceStream is close to deal to acquire Powertel. VoiceStream to acquire Powertel in stock deal. Bell Atlantic swaps assets with Alltel
• Abstracts: LSE, Deutsche Boerse pledge cheaper cross-border trades. Nestle to contribute to compensation for former slaves
• Abstracts: NTT gets approval from a U.S. panel to acquire Verio. Ma Bell's convenience store. Cutting off NTT

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.