Business Services Industry
Carlson Wagonlit Travel makes bid for Swedish business travel services provider Ark Travel AB
Nordic Business Report, Oct 22, 2007
NORDIC BUSINESS REPORT-22 October 2007-Carlson Wagonlit Travel makes bid for Swedish business travel services provider Ark Travel AB(C)1994-2007 M2 COMMUNICATIONS LTD http://www.m2.com
Swedish business travel services provider Ark Travel AB said on Monday (22 October) that the global travel management provider Carlson Wagonlit Travel has made an offer for all shares of the company.
The offer, made through a Swedish subsidiary, amounts to SEK67 in cash per share, representing a premium of 26%.
Ark Travel's board of directors recommends shareholders to accept the offer, and shareholders representing over 50% of the share capital of Ark Travel have already undertaken to accept the offer.
Related Results
Ark Travel, headquartered in Stockholm, Sweden, is a full-service travel agency specialising in business travel.
Carlson Wagonlit Travel is a world leader in business travel management with operations in 140 countries. The company is co-owned by the French group Accor and US-based Carlson Companies Inc.
One British pound (GBP) is worth approximately 13.16 Swedish kronor (SEK).
((Comments on this story may be sent to nbr.feedback@nordicbusinessreport.com))
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- LIFO vs. FIFO: a return to the basics
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
- Design a commission plan that drives sales - Sales Commissions
Most Popular Business Publications
Content provided in partnership with
Presented by American Express