WEB SP has increased 0.045 to 0.39 for high for many many months
Also, ASX announcement today by Flight Centre FLT
Flight Centre receives buy-out offer October 25, 2006
AUSTRALIA'S biggest listed travel agent, Flight Centre Ltd, is seeking to privatise under a buy-out offer led by the company's founders and private equity firm Pacific Equity Partners.
Under the proposed deal, minority shareholders would be offered $17.20 a share by the consortium, made up of a cash payment of $17.00 a share and a fully franked special dividend of 20 cents.
The special dividend is conditional on the implementation of the scheme of arrangement following a shareholder vote.
WEB Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
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