Corporate Travel calls in EY to counter VGI's accusations
Activist short target Corporate Travel Management brought in EY last week before hedge fund VGI Partners escalates its campaign against the company.
The company is understood to have brought in the accounting firm, which is not its auditor, to examine three issues raised in the VGI report.
They related specifically to its strong financial performance, the conversion of its cash flows and the carrying value of its North American assets. Corporate Travel appeared to be comfortable with...