Tui Travel shares down on concerns that weak trading could derail merger with Tui
Tui Travel shares fell 3.9% yesterday, 8 October on talk that weak trading might derail the UK-based travel company’s merger with Tui AG, the Financial Times reported. The newspaper's market report section did not cite a source for the speculation.
Tui Travel’s trading weakness is due to the outbreak of the Ebola virus, the report said.
The item noted that Tui Travel's proposed merger with German parent company Tui AG will be subject to a vote scheduled in the final week of this month.
A market report in The Daily Telegraph also mentioned concerns that the Ebola outbreak might have an impact on the merger with Tui AG. The newspaper did not cite a source for the speculation.
Tui Travel’s share price closed 15p down at 367p in London yesterday, giving the company a market capitalisation of GBP 4.46bn (EUR 5.66bn).
Source Financial Times, Daily Telegraph