A PYMNTS Company

Switzerland: Regulators’s concerns remain over $1.4 billion Kuoni bid terms

By  |  March 31, 2016

Switzerland’s takeover regulator still has concerns about some terms of Swedish private equity firm EQT’s takeover of travel group Kuoni and rejected an appeal by a major shareholder over a planned share swap associated with the deal.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    EQT declined to comment on the takeover board’s decision and how that might affect its offer for the ailing travel group, which has been hit by competition from online travel companies and unrest in popular tourist destinations.

    The shareholder, the Kuoni und Hugentobler Foundation, said in a statement that it was still deciding whether to challenge the board’s ruling, announced on Thursday, but said it expected the $1.41 billion deal unveiled last month to go ahead as planned.

    Under Swiss takeover regulations, the foundation has five trading days to decide whether to accept the board’s decision or pursue the matter further.

    Full Content: Reuters

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.