TUI Transaction Revives Navigant Talk; TQ3 Mum

The bank sale is key because U.S. regulations preclude companies that are part owned by a foreign bank from investing in travel companies here. TQ3 CEO Marc Hildebrand has said full ownership of its network is a high priority for TQ3 as it competes with American Express, Carlson Wagonlit Travel and Business Travel International for multinational corporate travel accounts. During the past year, TQ3 has lost partners in France and the United States to acquisitions by CWT.