, Columnist
Thomas Cook’s Short Sellers Get Sent on a Detour
Reports that bidders are circling are unsurprising. Still, those betting against the tour operator may yet be proven right.
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Investors betting against Thomas Cook Group Plc look like they’ve encountered some turbulence. They should have expected these bumps.
Shares in the British travel group rose as much as 20 percent on Tuesday after Sky News reported that the company had received takeover approaches for its tour operating unit, and for the whole company.