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Webjet Group Limited ( (AU:WJL) ) just unveiled an announcement.
Helloworld Travel Limited has received clearance from the Australian Competition and Consumer Commission (ACCC) for its potential acquisition of Webjet Group Limited. The proposal involves acquiring all issued shares of Webjet not already owned by Helloworld for A$0.90 per share, subject to conditions like due diligence and a unanimous recommendation from Webjet’s Board. This acquisition could significantly enhance Helloworld’s market position in the travel industry by expanding its service offerings and customer base.
The most recent analyst rating on (AU:WJL) stock is a Buy with a A$1.15 price target. To see the full list of analyst forecasts on Webjet Group Limited stock, see the AU:WJL Stock Forecast page.
More about Webjet Group Limited
Helloworld Travel Limited is a prominent travel distribution company operating in Australia and New Zealand, offering a range of services including retail leisure and business travel networks, travel broker networks, destination management services, air ticket consolidation, tourism transport operations, and wholesale travel services. The company supports these services with advanced proprietary and non-proprietary distribution systems and employs over 900 personnel across Australia, New Zealand, Fiji, and Greece.
Average Trading Volume: 945,465
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$345.4M
For detailed information about WJL stock, go to TipRanks’ Stock Analysis page.