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Article: AMERICAN EXPRESS TRAVEL RELATED SERVICES AGREES TO PURCHASE LIFECO TRAVEL
- Article from:
- PR Newswire
- Article date:
- December 19, 1991
CopyrightCOPYRIGHT 1991 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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AMERICAN EXPRESS TRAVEL RELATED SERVICES
AGREES TO PURCHASE LIFECO TRAVEL
NEW YORK, Dec. 19 /PRNewswire/ -- American Express Travel Related Services Company, Inc., announced today that it has signed an agreement to acquire Houston-based Lifeco Travel Services, the country's fifth largest travel agency. American Express has agreed to purchase 100 percent of the stock of Lifeco and its affiliates, including Competitive Technologies, Inc., a travel technology firm based in Houston.
Closing is expected before year end, subject to satisfaction of certain closing conditions and approval of appropriate governmental and travel industry authorities. ...