Worldchoice chairman Colin Heal has urged the Travel Trust Association to give more detail of its proposed offer to shareholders in light of the acquisition of Global Travel Group.
The TTA made an approach to Worldchoice shareholders last week, but has yet to meet Heal to discuss the offer.
The approach comes as Worldchoice moves closer to a merger with Global, subject to approval of Global’s offer to shareholders. The process is due to be completed by the end of January.
Heal admitted the approach by TTA had to be considered.
He said: “If the TTA is interested it should come and tell us what it is offering, what the structure is, and what the benefits will be. If there is an offer from TTA it would have to be explored. I have to go into discussions with an open mind.”
Heal plans to meet TTA director Todd Carpenter for initial discussions before the board meets to discuss thesituation. Carpenter expects a meeting next week. He said: “We are reasonably confident. But if there is no interest we will hold up our hands.”
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