Flight Centre Travel Group Ltd (ASX:FLT) is one of the world’s largest travel agencies and has company-owned operations in more than 23 countries, while its corporate travel management network spans more than 90 countries. The Group employs more than 19,000 people and owns 2,800 businesses.
Today, the All Ordinaries (ASX: XAO) was trading -0.12% lower, with shares of Boral Limited (ASX:BLD), JB Hi-Fi Limited (ASX:JBH) and Flight Centre Travel Group Ltd (ASX:FLT) moving the Australian share market.
In the modern corporate world, talk of one listed company acquiring another is almost a daily event. It’s the source of great excitement for bankers and the acquiring management team but all too often ends in tears for shareholders.