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Holidaybreak confirms they are in talks with Cox & Kings over takeover

HolidaybreakShares in Holidaybreak rose again yesterday after the tour operator confirmed they were in talks with Cox & Kings over a possible takeover.

Holidaybreak confirmed the talks in a statement: "The board of Holidaybreak confirms that it is in discussions with Cox & Kings Limited which may or may not lead to an offer for Holidaybreak at a price of 432.1 pence in cash per ordinary share. At this stage there can be no certainty that any offer for the company will be forthcoming."

Shares in Holidaybreak rose again yesterday after the talks were confirmed, rising by 15% to £3.67 on the London Stock Exchange.  

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