PPRuNe Forums - View Single Post - Thomas Cook-Beware
View Single Post
Old 12th Jul 2019, 12:18
  #114 (permalink)  
Jonty
 
Join Date: Mar 1999
Location: big green wheely bin
Posts: 902
Likes: 0
Received 18 Likes on 1 Post
It’s Fosun putting in the extra £750m.
The company will remain listed until fosun decide wether they want to take the whole thing private and de-list. St that point there would be some value to the remaining shareholders, but I imagine it would be very small per share as the shareholders will own very little of the company by then.
I think while technically at the discussion stage, as in nothing has been signed, I can’t imagine TC management releasing a statement like that without tacit approval from the banks, bond holders and major shareholders. So I think it’s gone much further than what you and I would call a discussion.
I don’t know what the next few weeks and months hold for Thomas Cook, but I see this announcement as something positive for customers and employees.
Jonty is offline