Flight Centre in the news

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Travel agent Flight Centre has lifted its first half earnings but says the next six months will be a challenging time for the company...

 

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Hmm, missed some stories:

Feb 23: Travel retailer Flight Centre is bracing for a big drop in its share price tomorrow after its attempts to become a private company were foiled by investment bank Lazard...

Mar 10: Nearly $180 million wiped off value of travel agent Flight Centre following failure of $1.6 billion private-equity-backed bid to de-list the company...

Mar 31: The private equity fund that just four weeks ago abandoned a $1.6 billion takeover of listed travel agency Flight Centre in face of shareholder resistance returned yesterday...

 

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Private equity fund circling Flight Centre is likely to raise its planned $1.4 billion bid by about $100 million...

 

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Flight Centre, Australia's biggest travel agent, expects to get $1.1 billion in cash by selling its assets into a venture with buy-out firm Pacific Equity Partners...

 

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Revised deal struck between Flight Centre and its private equity suitor, Pacific Equity Partners, is the first time an Australian company has contemplated a leveraged joint venture to circumvent institutional opposition to a private equity bid...