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Exclusive: Siris, Elliott near Travelport acquisition - sources


By Liana B. Baker and Greg Roumeliotis(Reuters) - A consortium of buyout firm Siris Capital Group LLC and hedge fund Elliott Management is nearing an agreement to acquire travel software company Travelport Worldwide Ltd, people familiar with the matter said on Thursday.The acquisition would mark the culmination of an eight-month-long effort by Elliott to clinch a deal for Travelport. The New York-based fund disclosed a 12 percent stake in the company in March and pushed it to explore a sale.Siris and Elliott hope to successfully conclude negotiations with Travelport as early as next week, ...

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First Published: Thu, December 06 2018. 21:22 IST