Sounds like some of the money will be used to buy the remaining parts of the businesses they have 40 and 50% ownership of. THe Phil Hoffman investment is a way back into corporate travel management that they sold off without breaching any non compete issues that were probable included in the sale. By time 2026 rolls around they can be full owners and have a base to build off.
HLO Price at posting:
$1.82 Sentiment: Buy Disclosure: Held
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