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First Choice bid speculation resurfaces
Friday, 11 Oct, 2006
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Speculation linking First Choice with Kuoni have resurfaced after the UK’s operator’s share price took off.
Today’s newspapers put the Swiss-owned operator in the frame for a deal with First Choice despite denials from Kuoni.
First Choice shares rose the most in five months, up 11.25p to 216.75p on City rumours that talks have been rekindled with Kuoni.
The two companies were at the centre of merger/takeover speculation in the summer.
A Kunoi spokeswoman told Reuters: “In July we communicated that talks between Kuoni and First Choice had taken place and that these talks have been terminated. We have nothing to add on this statement.”
Report by Phil Davies
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