Travelzest has confirmed speculation that it is considering a potential cash offer of 115 pence per share from an unnamed source for its entire issued and to be issued share capital.
However, the travel group has noted that the current talks will not necessarily result in an offer being made for the entire company.
The company currently has 20,393,496 ordinary shares in the market at the moment. The recent rumours have seen the group’s shares rise in value by 13.6% to 104.5 pence.