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FLIGHT CENTRE BUYOUT FAILS TO TAKE OFF.
Publication: AsiaPulse News Publication Date: 31-JUL-07 |
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COPYRIGHT 2007 Asia Pulse Pty Ltd
SYDNEY, July 31 Asia Pulse - A proposed joint venture private equity buy-out of the nation's biggest travel agent, Flight Centre Ltd (ASX:FLT), has been canned after an independent expert found the offer undervalued the company.
Under a Publishing and Broadcasting Ltd-style proposal, Flight Centre would have sold its operating business into a joint-venture vehicle, of which it would own 70...
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