TUI AG thrashes out details of TUI Travel takeover

By | 15/09/2014

TUI AG has reached agreement on the terms of a recommended all-share nil-premium merger of TUI Travel and TUI AG, which is to be implemented by way of a scheme of arrangement of TUI Travel. Under the merger, TUI Travel Shareholders (other than TUI AG and certain connected parties) will receive 0.399 New TUI AG Shares for each TUI Travel Share held by them at the scheme record time.

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Category: Travel

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