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Sept. 15, 2014, 3:51 a.m. EDT

TUI Travel, TUI AG shares rise on merger details

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    TUI AG (TUI1)

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By Karen Friar

DE:TUI1

LONDON (MarketWatch) -- TUI Travel PLC and its German-listed majority shareholder TUI AG /zigman2/quotes/206714402/delayed DE:TUI1 -4.48% said Monday they have agreed the terms of their all-stock merger. The deal, first announced in June, is expected to create a global leader in tourism and leisure worth 6.5 billion euros ($8.4 billion). The merged group will be based in Germany, have a premium listing on the London Stock Exchange and have a secondary market quotation on a German stock exchange, the companies said in a statement . Shares in TUI Travel rose 1.9% after the news, with shares in TUI AG up 1%.

/zigman2/quotes/206714402/delayed
DE : Germany: Frankfurt
3.24
-0.15 -4.48%
Volume: 125,918
Sept. 18, 2020 8:59p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
N/A
Rev. per Employee
€282,968
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