City File: Airtours hovers over Owners Abroad
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.WHAT'S going on at Owners Abroad, the tour-operating company? We may find out tomorrow. That's what many in the stock market believe anyway. On Friday, the shares climbed 4p to 76p on talk of a takeover bid from either Airtours or LTU, the German group that owns Thomas Cook. The rumours alternatively have LTU making an agreed partial bid. Several months back, OA announced it had received a tentative approach but then let it be known in the stock market that the talks were off. Since then they seem to have resumed.
The trouble for OA of doing an agreed deal with LTU is that it could spark a hostile bid from Airtours, which has figures due out tomorrow. Airtours is known to want to bid, if the Monopolies and Mergers Commission would allow it.
(Graph omitted)
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments