Preussag's offer Thomson may be a costly takeover trip

Article Abstract:

Preussag AG outbid C&N Touristic AG for Thomson Travel Group PLC, UK, by 20%, in the amount [pound]1.8 billion (2.97 billion euros) but may end up selling its 51% stake at Thomas Cook Group Ltd.

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C&N Touristic plans to acquire ownership of Thomas Cook

Article Abstract:

C&N Touristic AG is expected to announce that it will acquire Thomas Cook Group Ltd. C&N will acquire ownership of Thomas Cook for more than 550 million pounds (900.4 million euros).

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Thomas Cook Is Expected to Sell Financial Business

Article Abstract:

Thomas Cook Group Ltd., which is one of the largest travel agencies in the United Kingdom, may sell its financial services division. Travelex PLC soon may buy the unit for an undisclosed sum.

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