Travelzoo (TZOO) Shares Rip 30% on Takeover Reports
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Shares of Travelzoo (Nasdaq: TZOO) have surged 30 percent in pre-open trading Wednesday on earlier reports the company is considering a sale.
Reuters reported sources said possible buyers could be Google, Amazon or travel website Odigeo.
A sale appears to be in the early stages as the company has not yet named an advisor.
With short interest very high, traders have been all over the name in the early going.
Reuters reported sources said possible buyers could be Google, Amazon or travel website Odigeo.
A sale appears to be in the early stages as the company has not yet named an advisor.
With short interest very high, traders have been all over the name in the early going.
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