Travelport Worldwide Limited (TVPT) performed 0.25% to trade value at $15.86 in recent trading session and its total traded volume was 4394739 shares versus to an average volume of 2900.06K. The company has market cap of $2002.26 million. The stock has monthly performance of 2.59% while its yearly performance remained at 16.28%.
Travelport Worldwide Limited (NYSE: TVPT) reported that it has established a meeting date of March 15, 2019, for a special general meeting (the “Special General Meeting”) of its shareholders of record as of February 4, 2019 (the “Record Date”) to, among other things, consider and vote on a proposal to approve the previously announced Agreement and Plan of Merger (the “Merger Agreement”), dated as of December 9, 2018, by and among Travelport, Toro Private Holdings III, Ltd., and, following the execution of a joinder, Toro Private Holdings IV, Ltd. The Special General Meeting will take place at the offices of Kirkland & Ellis LLP, located at 601 Lexington Avenue, New York, New York 10022.
Travelport shareholders as of the close of business on the Record Date will be entitled to receive notice of, and vote at, the Special General Meeting.
Additional information about the Special General Meeting is included in the preliminary proxy statement, which was filed with the Securities and Exchange Commission (the “SEC”) on January 15, 2019, and will be included in the definitive proxy statement, which is expected to be filed with the SEC and mailed to shareholders of record in the coming weeks.
Travelport also confirmed the expiration of the 45-day “go-shop” period pursuant to the terms of the Merger Agreement. During the “go-shop” period, an extensive outreach was conducted by Travelport and Morgan Stanley & Co. LLC., acting as Travelport’s financial advisor. None of the third parties contacted during this process provided a proposal or offer regarding an alternative acquisition proposal.
The stock demonstrated move of 0.89% in previous 5 days graph. Its quarterly performance stands with the percentage of 7.74% while its year to date performance showed change of 1.54%.
The Company has an insider ownership of 0.80% and institutional ownership remained 98.50%. Its return on investment (ROI) for the last 12 month was 13.30% and its return on equity (ROE) of -87.50% while return on assets (ROA) is at 3.90%.
Cory Savage – Category – Business
Before joining Connecting Investor, Cory Savage worked as a freelance writer. He has more than 10 years’ experience in journalism and public relations. His experience in public relations includes press releases, promotional materials, and working with media outlets. He also has professional experience writing news, technology, and business stories. Cory leared CFA Level 2 from CFA Institute (USA). He has worked in diverse capacities from financial research to currency trading in a span of 3 years. Cory Savage covers Business news section.
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