First Choice Holidays PLC announced its
shareholders have approved the merger with the tourism division of
TUI AG.
Shareholders voted
in favor of the merger by a vote of 1,173 (93%) to 87 (7%). The
completion of the merger, still subject to court approval, is
slated for Sept. 3. Once finalized, shares will be listed under the
newly formed company name TUI Travel PLC.
The court hearing
to sanction the proposed merger is scheduled for Aug.
29.
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