Jetset Travelworld announces trading halt

first_img<a href=”http://www.etbtravelnews.global/click/22d34/” target=”_blank”><img src=”http://adsvr.travelads.biz/www/delivery/avw.php?zoneid=10&amp;cb=INSERT_RANDOM_NUMBER_HERE&amp;n=a5c63036″ border=”0″ alt=””></a> Source = e-Travel Blackboard: C.F Following on from yesterday’s exclusive e-Travel Blackboard report , Jetset Travelworld Group (JTG) has had its shares placed into a trading halt to permit it to “finalise the terms of a material merger.”The proposed deal between the Stella Group and JTG is currently being pitched as a merger; however sources expect that it will eventuate in the takeover of JTG by Stella. JTG said the trading halt would let it manage its disclosure obligations and ensure that the negotiation of the proposed transaction does not create an uncertain or uninformed market for trading,The trading halt will last until an announcement is made regarding the negotiations or the opening of trading on Thursday (13 May), whichever comes first.last_img read more