WorldTravel Owner Increases Navigant Stake

An investment affiliate of WorldTravel BTI owner BCD Holdings last week paid between $14.28 and $14.74 per share to raise its stake in Navigant International by 142,000 shares, according to a filing with the Securities and Exchange Commission. Assuming conversion of Navigant's convertible stock, the affiliate now owns about 8.4 percent of Navigant's outstanding shares, said analyst Ian Corydon of B. Riley & Company.