Russia may take months to review Travelport deal, threatening buyout - report [Seeking Alpha]
TRAVELPORT WORLDWIDE LTD (TVPT)
Last travelport worldwide ltd earnings: 2/22 06:45 am
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Source: Seeking Alpha
Russia may take months to review Travelport deal, threatening buyout - report - Travelport Worldwide Limited (NYSE:TVPT) | Seeking Alpha Tech | M&A Russia may take months to review Travelport deal, threatening buyout - report May 24, 2019 7:11 PM ET Travelport Worldwide Limited (TVPT) Jason Aycock Russian regulators say they may need as long as nine months New York Post While only 3% of Travelport's business in in Russia, the report notes that Siris Capital might use the delay to try to back out of the deal. Siris can exit without a breakup fee on June 9 if Travelport doesn't have the necessary regulatory approvals. Travelport closed today at $15.13; Siris and Paul Singer's Elliott Management have proposed to buy the company for $15.75/share. Click to subscribe to real-time analytics on TVPT Now read: América Móvil's El Salvador deal rejected for paperwork - report » Subscribe
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