<p class="title">British travel giant Thomas Cook declared bankruptcy on Monday after failing to reach a last-ditch rescue deal.</p>.<p class="bodytext">The 178-year-old operator had been seeking £200 million ($250 million) from private investors to save it from collapse.</p>.<p class="bodytext">"Despite considerable efforts, those discussions have not resulted in agreement between the company's stakeholders and proposed new money providers," Thomas Cook said in a statement.</p>.<p class="bodytext">"The company's board has therefore concluded that it had no choice but to take steps to enter into compulsory liquidation with immediate effect."</p>
<p class="title">British travel giant Thomas Cook declared bankruptcy on Monday after failing to reach a last-ditch rescue deal.</p>.<p class="bodytext">The 178-year-old operator had been seeking £200 million ($250 million) from private investors to save it from collapse.</p>.<p class="bodytext">"Despite considerable efforts, those discussions have not resulted in agreement between the company's stakeholders and proposed new money providers," Thomas Cook said in a statement.</p>.<p class="bodytext">"The company's board has therefore concluded that it had no choice but to take steps to enter into compulsory liquidation with immediate effect."</p>