Travel software company Travelport targeted in $4.4B deal
Posted Dec 10, 2018 07:00:08 AM.
This article is more than 5 years old.
NEW YORK — A pair of buyout firms is planning to take the travel software company Travelport private in a deal worth about $4.4 billion.
Travelport Worldwide Ltd. said Monday that affiliates of Siris Capital Group LLC and Evergreen Coast Capital Corp. will pay $15.75 for each of its shares.
The Langley, U.K., tech company can seek offers from other buyers through Jan. 23, 2019.
The proposed deal is expected to close in the first half of 2019. It still needs approval from shareholders and regulators.
Shares rose 1.3 per cent before the market opened on Monday.
The Associated Press