Worldchoice and TTA deal: fast facts
February 4, 2008
Some bitesize stuff on Worldchoice's deal with the Travel Trust Association (that's right: TTA beat Stella after all, though Worldchoice insists the decision was nothing to do with concern about the latter's future).
- The merger is worth £6 million
- March has been pencilled in as a completion date
- Shareholders will be offered £2.75 a share
- TTA (2007) will invest in a five-year trust fund for Worldchoice members; payouts will be based on performance and could reach £20,000
- Worldchoice boss Colin Heal does not anticipate any redundancies
UPDATE: we have some follow-up stories online - Worldchoice will stay part of Triton under the deal, and the TTA will not be looking to cut costs in the wake of the merger.
Nathan Midgley, web prodcuer
Nathan Midgley
