LANGLEY, U.K., January 30, 2019: Travelport Worldwide Limited (“Travelport”) (NYSE: TVPT), a leading travel technology company, today announced that it has established a meeting date of March 15, 2019, for a special general meeting (the “Special General Meeting”) of its shareholders of record as of February 4, 2019 (the “Record Date”) to, among other things, consider and vote on a proposal to approve the previously announced Agreement and Plan of Merger (the “Merger Agreement”), dated as of December 9, 2018, by and among Travelport, Toro Private Holdings III, Ltd., and, following the execution of a joinder, Toro Private Holdings IV, Ltd. The Special General Meeting will take place at the offices of Kirkland & Ellis LLP, located at 601 Lexington Avenue, New York, New York 10022.
Travelport shareholders as of the close of business on the Record Date will be entitled to receive notice of, and vote at, the Special General Meeting.
Additional information about the Special General Meeting is included in the preliminary proxy statement, which was filed with the Securities and Exchange Commission (the “SEC”) on January 15, 2019, and will be included in the definitive proxy statement, which is expected to be filed with the SEC and mailed to shareholders of record in the coming weeks.
Travelport also confirmed the expiration of the 45-day “go-shop” period pursuant to the terms of the Merger Agreement. During the “go-shop” period, an extensive outreach was conducted by Travelport and Morgan Stanley & Co. LLC., acting as Travelport’s financial advisor. None of the third parties contacted during this process provided a proposal or offer regarding an alternative acquisition proposal.
Travelport is the technology company which makes the experience of buying and managing travel continually better. It operates a travel commerce platform providing distribution, technology, payment and other solutions for the global travel and tourism industry. The company facilitates travel commerce by connecting the world’s leading travel providers with online and offline travel buyers in a proprietary business-to-business (B2B) travel platform.
Travelport has a leading position in airline merchandising, hotel content and distribution, car rental, mobile commerce and B2B payment solutions. The company also provides IT services to airlines, such as shopping, ticketing, departure control and other solutions. With net revenue of over $2.5 billion in 2018, Travelport is headquartered in Langley, U.K., has over 3,700 employees and is represented in approximately 180 countries and territories.