Informal bids tabled for First Choice

Informal bids tabled for First Choice

AIRTOURS AND Germany's Preussag are the early front runners in the race to win control of First Choice, the package holiday group. The two companies are believed to have tabled informal bids for the tour operator and to have been admitted to the next round of talks. First Choice, which last week admitted that it had received several approaches, is thought to be looking for an offer of at least 220p a share, valuing the group at around pounds 800m.

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