Corporate Travel Management Ltd (ASX:CTD) has entered into a binding agreement to acquire 100% of Helloworld Travel Limited?s corporate and entertainment travel business in Australia and New Zealand for an enterprise value of $175m on a cash-free, debt-free basis.
Following the announcement, Corporate Travel Management shares were in a trading halt.
Following the announcement, shares of Helloworld Travel rose 9.61% to $2.51/share.