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Carpenter: Our offer is serious
Travel Trust Association director Todd Carpenter has hit back at claims it cannot fund an offer for Worldchoice.
TTA is offering Worldchoice agents £2 per share, plus £1 based on criteria and conditions yet to be determined. But Advantage chairman Steven Freudmann has questioned whether the association has the funds to table such a deal.
Carpenter said its offer was very serious and claimed it had been well received by members. He revealed that Alcuin, a private equity partner, took a 22% stake in TTA in November and would fund expansion.
“They have said it is a sound plan and want to help us to expand,” said Carpenter. “We’ve spent time and money on this proposal. We’re not wasting time of flying a kite, we’re very serious.”
Carpenter said it was up to the Worldchoice board to make a decision about its offer.
“The ball is in their court. We’re waiting for a response,” he said.
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