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Travelport Worldwide will go private in a $4.4 billion deal expected to be finalized on or about Thursday, May 30, pending approvals, according to Standard and Poor's, which will drop Travelport from its indexes after markets close at the end of this week. A Travelport spokesperson had no comment. The company said earlier this month […]The post Travelport Finally Goes Private This Week in $4.4 Billion Deal appeared first on Skift.
Travelport is set to go private shortly, but the timing has been delayed by regulators. On March 15, shareholders of the company approved a takeover by financial firms Siris and Evergreen Coast Capital, a unit of hedge fund Elliott Management. However, the deal still faces regulatory approval, including an OK by authorities in the Russia […]The post Travelport's Plans to Go Private Held Up by Russian Regulators appeared first on Skift.
On a per-share basis, the Langley Berkshire, Britain-based company said it had profit of 16 cents. Earnings, adjusted for non-recurring costs and stock option expense, came to 41 cents per share. The travel ...
Travelport, a UK-based e-commerce platform for distributing the content of airlines, hotels, and other suppliers to agencies and travel management companies, is redoubling its focus in the U.S. and the Americas, the company said. In October, Travelport became the first of its peers to process a transaction according to new distribution capability (NDC) technical standards […]The post Travelport’s Plan to Build Market Share With U.S. Airlines and Agencies appeared first on Skift.
The travel commerce platform leader ended 2018 on a strong note. But investors' focus should be on its impending plans to go private.
Travelport, the travel distribution tech company, remains on track to go private before June, which means its financial inner workings will soon be off limits to the public. On Friday, the Langley, U.K.-based company reported its earnings, which showed Travelport had a mixed performance last year. In 2018, Travelport’s full-year net revenue rose 4 percent […] The post Travelport Has Had Mixed Success as a Public Company appeared first on Skift.
Travelport (TVPT) delivered earnings and revenue surprises of 19.23% and 1.18%, respectively, for the quarter ended December 2018. Do the numbers hold clues to what lies ahead for the stock?
The Langley Berkshire, Britain-based company said it had profit of 2 cents per share. Earnings, adjusted for non-recurring costs and stock option expense, were 31 cents per share. The results surpassed ...
Travelport (TVPT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Elliott Management won. Wednesday was the last day for travel technology giant Travelport to shop for rival bids to Elliott’s $4.4 billion buyout offer. The companies have not publicized a better offer. Elliott, a $34 billion hedge fund led by boardroom scourge Paul Singer, will use a private equity arm, Evergreen, for the transaction. It […] The post The Inside Story of an Activist Investor’s Fight for Travelport appeared first on Skift.
A travel lobby group, whose members include Amadeus (AMA.MC) and booking.com, on Wednesday urged EU antitrust regulators to investigate Lufthansa's (LHAG.DE) surcharges and other allegedly discriminatory measures against travel agents. In its complaint to the European Commission's antitrust watchdog, the European Technology and Travel Services Association (ETTSA) alleged that Lufthansa's fees have cost consumers using independent distribution channels more than 1 billion euros ($1.1 billion) since 2015.
Elliott, which has a 12 percent stake in Travelport, pushed the company to explore a sale earlier this year. Travelport, which went public in 2014 after being owned by Blackstone Group (BX.N), is allowed to solicit other takeover offers during a "go-shop" provision until Jan. 23. Travelport shares closed 2.6 percent higher at $15.80, just above Monday's deal price, around the level at which it went public in 2014.
A pair of buyout firms is planning to take the travel software company Travelport private in a deal worth about $4.4 billion. Travelport Worldwide Ltd. said Monday that affiliates of Siris Capital Group ...
The acquisition would mark the culmination of an eight-month-long effort by Elliott to clinch a deal for Travelport. Siris and Elliott hope to successfully conclude negotiations with Travelport as early as next week, after a group of banks agreed to offer debt financing for their bid, the sources said on Thursday. While the exact price for Travelport that Siris and Elliott are discussing could not be learned, the sources said a deal would come at a small premium.
I am going to run you through how I calculated the intrinsic value of Travelport Worldwide Limited (NYSE:TVPT) by projecting its future cash flows and then discounting them to today’s Read More...
LANGLEY, United Kingdom, Nov. 13, 2018 /PRNewswire/ -- The world's travelers say mobile devices are as vital for travel as for other aspects of their life whilst the desire for new technologies, such as voice search, e-payment and digital room keys, to simplify and enhance their travel experience is increasing.
Travelport (TVPT) delivered earnings and revenue surprises of 10.71% and -0.97%, respectively, for the quarter ended September 2018. Do the numbers hold clues to what lies ahead for the stock?
On a per-share basis, the Langley Berkshire, Britain-based company said it had profit of 4 cents. Earnings, adjusted for non-recurring costs, came to 31 cents per share. The results topped Wall Street ...