Apollo Funds To Acquire The Travel Corporation; Financial Terms Of The Transaction Are Not Disclosed
Portfolio Pulse from Benzinga Newsdesk
Apollo Funds will acquire The Travel Corporation, which includes 18 leading travel brands. Financial terms were not disclosed.
July 16, 2024 | 12:38 pm
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Apollo Funds announced the acquisition of The Travel Corporation, which includes 18 leading travel brands. The financial terms of the transaction were not disclosed.
The acquisition of The Travel Corporation by Apollo Funds is likely to positively impact Apollo's stock in the short term due to the expansion of its portfolio with 18 leading travel brands. The lack of disclosed financial terms adds some uncertainty, but the strategic value of the acquisition is clear.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100