Merger update: No combination for travel or retail groups
- July 1, 2009 |
- Mark Graham
The National Business Travel Associations board of directors unanimously approved a merger proposal even though the same measure failed to pass the board at Association of Corporate Travel Executives a week earlier.NBTAs vote changes nothing for ACTE, said Jack Riepe, spokesperson for ACTE. There is nothing on the table. There are no talks in progress. There is nothing scheduled, Riepe said.Informal merger discussions between board members of both organizations began in early 2009, which led to a draft proposal sent to the full boards of both organizations for a vote. ACTEs board was scheduled to meet first. But on June 9, the proposal failed to get the necessary… Read More