Panel gives First Choice 21 days
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.THE TAKEOVER Panel will give First Choice Holidays 21 days to convince its shareholders of the merits of its proposed merger with Kuoni if Airtours allows its pounds 852m hostile bid for the company to lapse, rather than the five days implied by the original timetable.
The news came as First Choice unveiled buoyant trading figures with its half-year results. First Choice's losses increased from pounds 17.8m to pounds 20.6m in the traditionally loss-making first half, but summer bookings are 3 per cent ahead of last year, with winter 1999/2000 bookings up by 28 per cent.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments