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The Board supported the outline of a potential structure for a merger process
NBTA Board unanimously supports potential ACTE-NBTA merger
Friday, June 19, 2009
The Board of Directors of the National Business Travel Association (NBTA) voted unanimously to continue pursuing a potential merger with the Association of Corporate Travel Executives (ACTE).
NBTA President & CEO, Kevin Maguire, CCTE, GLP, said, “The NBTA Board sees great potential in a merger of ACTE and NBTA, particularly in today’s tough economic environment. There are hundreds of companies that currently invest in both organizations. The NBTA Board wants to give those companies a chance to lower their investments while maximizing the value delivered. We believe one way that can be done is to combine the best aspects of two great organizations – NBTA and ACTE.”
The vote took place during a regular quarterly meeting of the NBTA Board. The Board supported the outline of a potential structure for a merger process previously drafted by members of the ACTE Board.
NBTA President & CEO, Kevin Maguire, CCTE, GLP, said, “The NBTA Board sees great potential in a merger of ACTE and NBTA, particularly in today’s tough economic environment. There are hundreds of companies that currently invest in both organizations. The NBTA Board wants to give those companies a chance to lower their investments while maximizing the value delivered. We believe one way that can be done is to combine the best aspects of two great organizations – NBTA and ACTE.”
The vote took place during a regular quarterly meeting of the NBTA Board. The Board supported the outline of a potential structure for a merger process previously drafted by members of the ACTE Board.
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