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Activist Investor Pushes for a Travelport Sale to Private Equity

skift.com

Paul Singer’s Elliott Management Corp. has taken a stake in Travelport Worldwide Ltd. and is urging the travel technology company to launch a strategic review, including exploring a sale. The New York-based hedge fund believes that Travelport’s stock is undervalued and that several private equity firms might be interested in acquiring it, according to people familiar with the matter...

Mentions: Management Hedge Fund private equity firms