Exclusive: Siris, Elliott near Travelport acquisition - sources [Reuters]
TRAVELPORT WORLDWIDE LTD (TVPT)
Last travelport worldwide ltd earnings: 2/22 06:45 am
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ir.travelport.com
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Source: Reuters
Exclusive: Siris, Elliott near Travelport acquisition - sources | Reuters 3 Min Read (Reuters) - A consortium of buyout firm Siris Capital Group LLC and hedge fund Elliott Management is nearing an agreement to acquire travel software company Travelport Worldwide Ltd ( TVPT.N ), people familiar with the matter said on Thursday. The acquisition would mark the culmination of an eight-month-long effort by Elliott to clinch a deal for Travelport. The New York-based fund disclosed a 12 percent stake in the company in March and pushed it to explore a sale. 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. Shares of Travelport ended trading on Tuesday at $14.95, giving it a market value of $1.9
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