Estimated read time: Less than a minute
This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.
NEW YORK (AP) — 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 percent before the market opened on Monday.
Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
