balboy
Posts: 136
Joined: Thu Aug 31, 2000 3:23 am

Possible Takeover Of TUI Group?

Mon Aug 02, 2004 2:52 pm

I have no information on this, and as an employee I am just interested if anyone has any info regarding the article in the Mail on Sunday newspaper( I think) which stated..

" TUI has admitted a possible takeover bid for the group "

Interesting...Who could it be ??

Regards
 
Leskova
Posts: 5547
Joined: Wed Oct 08, 2003 3:39 pm

RE: Possible Takeover Of TUI Group?

Mon Aug 02, 2004 3:16 pm

There's quite a bit of speculation around at the moment, but what is known is that Morgan Stanley has been increasing the amount of TUI shares they own.

Several people suspect that hedge funds are interested in TUI, but that's currently on a speculation level... also, the German company Oetker has been rumored to be interested in TUI, because they declared that they were interested in taking over the Hapag Lloyd shipping line - but even they've now declared that they're not interested in taking over TUI...

I guess we'll have to wait and see... a few friends of mine work for TUI in Hannover, so I'll be keeping my fingers crossed for them...

Regards,
Frank
Smile - it confuses people!
 
balboy
Posts: 136
Joined: Thu Aug 31, 2000 3:23 am

RE: Possible Takeover Of TUI Group?

Mon Aug 02, 2004 3:29 pm

Thank you Leskova for that. We've heard nothing in the UK about a possible takeover. Just as things had settled down as well..

Regards.
 
worldoftui
Posts: 1054
Joined: Fri Aug 24, 2007 5:18 pm

RE: Possible Takeover Of TUI Group?

Wed Aug 04, 2004 3:17 am

Just heard from http://www.e-tid.com that the takeover bid may be a hostile one......


Mark
 
balboy
Posts: 136
Joined: Thu Aug 31, 2000 3:23 am

RE: Possible Takeover Of TUI Group?

Wed Aug 04, 2004 4:51 am

The article mentioned that the prospective buyer may be interested in the successful Hapag Lloyd container line and could 'end up' with the tourism side of the business for free.

Anyone care to speculate what a company would do with the TUI assets that it was not interested in.

May sound ridiculous to some but sorry, I ain't no business analyst.

Regards.
 
EddieDude
Posts: 6476
Joined: Fri Nov 14, 2003 10:19 am

RE: Possible Takeover Of TUI Group?

Wed Aug 04, 2004 7:18 am

If the buyer only cares about the shipping (containers and logistics) side of the business, it is likely that the travel side of the business will be spun-off. Then the new owner can float it in the Frankfurt Stock Exchange, sell all of it to someone interested in buying it, or engage an investment bank to find a buyer.
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