12 November 2008

Travelzest offer falls through

Uncertainties in the financial markets have been blamed for the end of talks between Travelzest and a potential investor.

The online travel company said that the offer, expected to be made in December, has been terminated.

In a statement today, Travelzest said it continues to trade in line with management expectations.

Travelmole has been unable to contact chief executive Chris Mottershead in person.

Last week, he told Travelmole that the cash offer for the entire issued and to be issued share capital of Travelzest was at a price of Ã&#pound;1.15 per ordinary share.

He said due diligence was almost completed and he was confident the deal was on track for December.


By Bev Fearis

• PRINT
• SEND TO A FRIEND
• SHARE

Post your comment

Your Comments

, be the first to post a comment.
Your email:

Your comment title:


Your comment:

Email other comments made to this story

5 characters