Flight Centre to buy travel firm for $135 million

Sun Nov 11, 2007 5:58pm EST
 
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SYDNEY (Reuters) - Australian travel firm Flight Centre Ltd (FLT.AX) said on Monday it has agreed to buy U.S. travel retailer Liberty Travel for $135 million.

Flight Centre plans to raise A$100 million ($91 million) in an institutional share placement to part fund the acquisition, the company said in a statement.

($1=A$1.10)

(Reporting by Denny Thomas)

 

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