Travelport expects takeover to be completed during 1H2019, although Russian approval still pending

    Travelport reported (10-May-2019) it expects the agreement for Travelport to be acquired by affiliates of Siris Capital Group and Evergreen Coast Capital Corp will be completed during 1H2019. Siris and Evergreen will acquire all the outstanding common shares of Travelport for USD15.75 per common share in cash. The merger has been approved by Travelport’s board of directors and shareholders. The merger is subject to regulatory and closing conditions, including the receipt of the remaining requisite consent under applicable laws in Russia. Once the agreement is executed, Travelport will become a privately held company and Travelport common shares will no longer be listed on any public market. [more – original PR]