MyTravel in advanced talks to merge with KarstadtQuelle's Thomas Cook - report |
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Mon, 12 Feb 2007 07:26
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LONDON (AFX) - MyTravel Group PLC and KarstadtQuelle AG's Thomas Cook are in advanced discussions about a merger of equals, which is likely to be announced as early as today, the Financial Times reported.The two companies are working on the final details, the FT said. The exact structure of the transaction remains unclear but MyTravel shareholders would receive shares in the combined group, it added.The newspaper said the merger will have a 'huge impact' on the auction of the holiday business of First Choice Holidays PLC, which has been in talks with both MyTravel and Thomas Cook. The FT added that there has been speculation that a merged MyTravel-Thomas Cook 'would be able to make a knockout offer for the First Choice package holiday unit'.newsdesk@afxnews.comjsaCOPYRIGHTCopyright AFX News Limited 2006. All rights reserved.The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.AFX News and AFX Financial News Logo are registered trademarks of AFX News Limited
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KarstadtQuelle's Thomas Cook in talks to acquire stake in LTU airline - report 