FLT 0.75% $17.20 flight centre travel group limited

Flight Centre receives buy-out offerOctober 25, 2006AUSTRALIA'S...

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    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.
 
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