LANGLEY, U.K., May 10, 2019
/PRNewswire/ -- Travelport Worldwide Limited (NYSE: TVPT) ('the
Company'), a leading travel technology company, has today filed a
Quarterly Report on Form 10-Q in respect of its financial results
for the quarter ended March 31, 2019.
The Company will not hold an earnings conference call in respect of
its financial results.
The completion of the merger as contemplated by the Merger
Agreement dated December 9, 2018, and
approved by the Company's shareholders at the Special General
Meeting of Shareholders held on March 15,
2019, remains subject to the satisfaction or waiver of the
remaining conditions set forth in the Merger Agreement, including
the receipt of the remaining requisite consent under applicable
laws in Russia. The Company
continues to expect the merger to be consummated in the first half
of 2019, as previously disclosed.
Contacts
For further information, please contact:
Investors:
Peter
Russell
Head of Treasury and Investor Relations
Tel: +44 (0)1753 288 248
peter.russell@travelport.com
Media:
Julian
Eccles
Vice President, PR and Corporate Communications
Tel: +44 (0)7720 409 374
julian.eccles@travelport.com
About Travelport (www.travelport.com)
Travelport (NYSE: TVPT) is the technology company that makes the
experience of buying and managing travel continually better.
It operates a travel commerce platform providing distribution,
technology, payment and other solutions for the global travel and
tourism industry. The Company facilitates travel commerce by
connecting the world's leading travel providers with online and
offline travel buyers in a proprietary business-to-business (B2B)
travel platform.
Travelport has a leadership position in airline merchandising,
hotel content and distribution, car rental, mobile commerce and B2B
payment solutions. The Company also provides critical IT
services to airlines, such as shopping, ticketing, departure
control and other solutions. With net revenue of over
$2.5 billion in 2018, Travelport is
headquartered in Langley, U.K., has over 3,700 employees and is
represented in approximately 180 countries and territories.
Acquisition of Travelport by Siris and Elliott
As announced in December 2018,
Travelport has entered into a definitive agreement to be acquired
by affiliates of Siris Capital Group, LLC ("Siris") and Evergreen
Coast Capital Corp. ("Evergreen") in an all-cash transaction (the
transaction hereafter referred to as "Merger"). Evergreen is
the private equity affiliate of Elliott Management Corporation
("Elliott"). Under the terms of the agreement, Siris and
Evergreen will acquire all the outstanding common shares of
Travelport for $15.75 per common
share in cash. The Merger has been approved by Travelport's
Board of Directors and shareholders. Upon the completion of
the Merger, which is subject to regulatory and closing conditions
under the agreement, Travelport will become a privately held
company and Travelport common shares will no longer be listed on
any public market.
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SOURCE Travelport Worldwide Limited