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Travelzest

  • BY: Andrew Hore |
  • POSTED: 04/11/2008 |

Travelzest says that its potential bidder has not found anything that would prompt it to change the 115p a share indicative offer.

The bidder has completed the majority of its due diligence on the travel agency business and it should be finished in December 2008. There is no certainty that an offer will be made.

Management is pleased with the performance of the business in the year to October 2008 and trading was in line with expectations.

At 94.5p a share, Travelzest is valued at £19.3m. 

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