Travelzest receives possible takeover bid

Monday, 18 Aug, 2008 0

Travelzest, the travel group founded by former Thomson boss Chris Mottershead, has received a potential takeover bid.

The company said it was in the “early stages” of discussions over a potential cash offer for the business.

The price is at 115 pence per ordinary share.

TUI Travel is being touted as a possible suitor for Travelzest.

“There is no certainty that the talks will result in an offer being made for the company,” a statement to the Stock Exchange said.

Travelzest runs brands such as Best of  Morocco, VFB Holidays and Tapestry Collection, and floated on the AIM in 2005.

by Phil Davies 

 



 

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Phil Davies



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