Crash Landing in Store for Mytravel's Shareholders
Evening Standard - London › March 22, 2004
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Summary
SHAREHOLDERS in MyTravel today faced the very real prospect of a total wipeout as the struggling tour operator admitted for the first time that a further restructuring of its mountainous debts would massively dilute their stakes.
The shares collapsed as much as 40% today fol lowing the announcement, valuing the oncealmighty package tour group, worth Pounds 2.7 billion at its peak in 1999, at just Pounds 53 million.See the full content of this document
Extract
Crash Landing in Store for Mytravel's Shareholders
The package tours giant formerly known as Airtours is we...
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