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Travelocity’s deal for lastminute.com approved
Sunday, 30 Jun, 2005
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Lastminute.com shareholders have backed the takeover by Travelocity.
The cash offer at 1.65p a share was approved at an EGM and the deal is now expected to be concluded on July 20.
Lastminute.com chief executive Brent Hoberman, who is to head the combined business in Europe, said: “We are delighted that shareholders have voted to accept the offer.
“The combination of lastminute.com and Sabre Holdings will create a world scale business with an even greater capability to work with global airlines and car rental groups to offer unbeatbale deals to our customers in Europe and the US”
Report by Phil Davies
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