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TUI AG Confirms No Intention to Make Offer for TUI Travel Plc
TUI AG announced that on January 16, 2013, the Independent Directors of TUI Travel Plc announced that they had recently received an approach from TUI AG which may or may not result in a combination of the two companies. In accordance with the United Kingdom City Code on Takeovers and Mergers (the Code) requirements, TUI AG confirms that it does not intend to make an offer for TUI Travel Plc. Accordingly, TUI AG is bound by the restrictions under Rule 2.8 of the Code.
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