Navigant International, the second largest U.S. corporate travel management company, was delisted by Nasdaq last week, as previously rumored, due to the late filing of its annual report.
Meanwhile, the parent company of World Travel BTI, BCD Holdings, through its Boron Securities affiliate, increased its holding in Navigant to nearly 12% last week. And, the mega German travel group TUI, which owns TQ3 Travel Solutions, increased its equity in Navigant from 9% to 11%.
Further increases in share holding by these and other groups are anticipated, if not a complete takeover.
