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Helloworld Travel Ltd ( (AU:HLO) ) has provided an update.
Helloworld Travel Limited has received clearance from the Australian Competition and Consumer Commission (ACCC) for its proposal to acquire all shares of Webjet Group Limited that it does not already own. This acquisition is part of a strategic move by Helloworld to expand its market presence, subject to conditions such as due diligence and a Scheme Implementation Agreement. The ACCC’s no-objection letter is a significant step forward in the acquisition process, potentially impacting stakeholders by enhancing Helloworld’s industry positioning.
The most recent analyst rating on (AU:HLO) stock is a Buy with a A$2.75 price target. To see the full list of analyst forecasts on Helloworld Travel Ltd stock, see the AU:HLO Stock Forecast page.
More about Helloworld Travel Ltd
Helloworld Travel Limited is a prominent travel distribution company operating in Australia and New Zealand, offering a wide range of services including retail leisure and business travel networks, destination management, air ticket consolidation, and wholesale travel services. The company supports its operations with advanced distribution systems and has a significant presence with over 900 personnel and 2,600 travel agency and broker network members across Australia, New Zealand, Fiji, and Greece.
Average Trading Volume: 282,800
Technical Sentiment Signal: Hold
Current Market Cap: A$289.7M
For detailed information about HLO stock, go to TipRanks’ Stock Analysis page.