TUI Shareholder Gets Bids In Possible Precursor To Navigant Deal

The Financial Times today reported that U.S. private equity firms have shown interest in buying 31 percent of TUI, the Hannover, Germany-based tourism giant that owns mega corporate travel agency TQ3 Travel Solutions. The stake is owned by Germany's Westdeutsche Landesbank (WestLB). 'We are not pressed for time and we will not sell at less than fair value,' a WestLB spokesperson told Reuters.