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Travelport Shareholders OK Take-Private Deal

A majority of Travelport shareholders Friday gave the requisite go-ahead to the publicly traded company's proposed acquisition by a private equity partnership.

Travelport Readies For Privately-Held Future, As Past Quarter Underscores 'Headwinds'

In what is likely to be its final publicly filed earnings statement before it goes private, Travelport reported a 4 percent year-over-year decline in worldwide global distribution system segments and a modest rise in net revenue and earnings for the three months ending Dec. 31, 2018.

Travelport Agrees To Go Private

Publicly traded global distribution system operator Travelport has agreed to be taken private by Siris Capital Group and Evergreen Coast Capital, which plan to buy outstanding common shares for $15.75 each and assume Travelport's debt in a deal valued at $4.4 billion, the company announced Monday.

Before Take-Private Deal, Travelport Explored Other Options, Suitors

In the run-up to Travelport's agreement last month to go private with Siris Capital Group and Evergreen Coast Capital, 10 different "financial sponsors" and five "strategic parties" emerged as potential suitors for the global distribution system operator or its assets.

Travelport Headcount Fell Nearly 8 Percent In 2018

The number of full-time employees at global distribution system operator Travelport fell nearly 8 percent to 3,700 at year-end 2018 from 4,000 at the end of 2017, according to disclosures in the company's two most recent annual reports.
INTERVIEW: BCD Travel's Hood

INTERVIEW: BCD Travel's Hood

BCD Travel’s Danny Hood this week officially rejoined the company as president of the Americas after two years as a semi-retired consultant. At 53, he said, "Not too many people can come out and play." Also citing "some things that were left undone," Hood last month spoke with The Beat’s Jay Campbell about the company, the competition, client needs and industry changes.