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Corporate Travel Management Ltd Acquires TravelCorp LLC

Tuesday, 16 Apr 2013 07:49pm EDT 

Corporate Travel Management Ltd announced the acquisition of TravelCorp LLC (TravelCorp), a travel company based in Texas and Louisiana in the United States, effective May 1, 2013. The base consideration is USD 10.3125 million, being USD 3 million in CTD shares and USDD 7.3125 million in cash. An additional cash earn-out component of up to a maximum of USDD 9.48 million is payable for above target earnings performance in the 24 months commencing July 1, 2013, with consideration being a mixture of cash and CTD shares. 

Company Quote

0.32 +3.42%
24 Dec 2014