UK-based MyTravel and German tourist conglomerate Thomas Cook are merging in a deal that will create the second-biggest travel company in Europe behind TUI. The new company, called Thomas Cook Group, will produce combined revenue of about €12 billion ($15.6 billion) selling holidays to some 19 million customers a year. It will be based in London. MyTravel shareholders will own 48% of the combined company with the controlling 52% held by Thomas Cook's German owner KarstadtQuelle, which ...
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