WJL - Webjet Group

[Dona Ferentes]

Webjet (ASX:WJL) has rejected an unsolicited takeover proposal from BGH Capital that valued the company at $0.80 per share. The board deemed the offer to significantly undervalue Webjet and cited structural uncertainty and conditionality as further concerns. As a result, BGH was denied due diligence access.

The board reiterated its commitment to maximising shareholder value and remains open to evaluating credible acquisition proposals.

...has been around in current form for under 12 months

 

[Dona Ferentes]

Helloworld bought another 5 per cent of Webjet on Wednesday evening, lifting its stake past 15 per cent

 

[Ferret]

Announcement today that BGH Capital and associates holding is up from 10.76% to 14.93%.

 

[Ferret]

Helloworld now 16.021%.

 

[Ferret]

My pick for the August competition.

I believe a takeover is brewing here, and possibly a bidding war.

 

[Dona Ferentes]

My pick for the August competition.

I believe a takeover is brewing here, and possibly a bidding war.

but 19.99% can be a block for any other bidder.

Then the cat just plays with the mouse.

 

[Ferret]

I've picked WJL again for the September comp. I should be picking a penny dreadful, but no time to research.

WJL's results were underwhelming, but Helloworld keeps buying and is now up to 17%.