The battle for Thomson Travel`s takeover is far from over
Monday, May 15, 2000
In a recent news release, Thomson<.> announced that a company other than C&N has contacted the management to discuss a possible takeover. Market analysts believe that it is Preussag (TUI<.>`s parent company) that has contacted Charles Gurassa, Thomson`s Chief Executive to discuss possible options of a takeover. This belief is reinforced by the fact that Goldman Sachs, a major investment bank, was last Friday heavily buying Thomson stock on behalf of Preussag, which explains the rise of 13% of the share price to 162p, the second highest since Thomson joined the London Stock Exchange two years ago.
Constantinos Doucas
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Monday, May 15, 2000
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