News blog
Travelzest
- BY: Andrew Hore |
- POSTED: 01/05/2012 |
Tour operator Travelzest is back in bid talks, this time with its chief executive and finance director.
Travelzest ended bid talks at the end of last year. The indicative bid from Red Label Vacations was higher than the current share price but the board thought it was too low.
At 4.62p a share, Travelzest is valued at £6.71m.
Chief executive Jonathan Carroll and finance director Adrian Cobbold have expressed an interest in bidding and the independent non-executives have decided to commence a formal sale process for the company. HW Corporate Finance are handling the sale process.
The Canadian business remains the attractive part of Travelzest. It generated £25.4m of group revenues of £37.7m in the year to October 2011.
Download the latest AIM Journal from http://www.hubinvest.com/AIMPDFApril2012_31.pdf
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