Worldchoice faces TTA shares bid
The Travel Trust Association is seeking persuade Worldchoice UK shareholders to sell their shares.
It comes as Worldchoice seeks a merger with Triton partner Global Travel Group.
The TTA is offering £2 per share plus £1 based on criteria and conditions yet to be determined.
Letters have gone out to a number of the holders Worldchoice UK shares with a deadline of January 18 to respond.
The offer is designed to target Worldchoice agent members who are small shareholders in the consortium.
The letter says: “By issuing this document, TTA is inviting each company sahreholder to express an ‘in principle’ interest in receiving from TTA an offer to acquire his/her company shares.”
The letter says anu offer would be condition on a number of issues, including securing third party finance to fund or part fund the acquisition.
by Phil Davies
Phil Davies
Have your say Cancel reply
Subscribe/Login to Travel Mole Newsletter
Travel Mole Newsletter is a subscriber only travel trade news publication. If you are receiving this message, simply enter your email address to sign in or register if you are not. In order to display the B2B travel content that meets your business needs, we need to know who are and what are your business needs. ITR is free to our subscribers.

































TAP Air Portugal to operate 29 flights due to strike on December 11
Qatar Airways offers flexible payment options for European travellers
Airlines suspend Madagascar services following unrest and army revolt
Digital Travel Reporter of the Mirror totally seduced by HotelPlanner AI Travel Agent
Strike action set to cause travel chaos at Brussels airports