Webjet Receives Acquisition Proposal from BGH Capital

Webjet Group Limited ( (AU:WJL) ) has shared an announcement.

Webjet Group Limited has received an unsolicited, non-binding offer from BGH Capital to acquire a controlling interest in the company for $0.80 per share. BGH Capital, which already holds a 10.76% interest in Webjet, is considering a transaction structure that allows some shareholders to retain equity and maintain the company’s public listing. The proposal is still under assessment by Webjet’s board, and there is no assurance of its progression.

The most recent analyst rating on (AU:WJL) stock is a Buy with a A$1.10 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

Webjet Group Limited is a company listed on the Australian Securities Exchange (ASX:WJL) and operates within the travel industry. It primarily offers online travel booking services, focusing on providing customers with a platform to book flights, hotels, and other travel-related services.

Average Trading Volume: 3,337,673

Technical Sentiment Signal: Strong Buy

For detailed information about WJL stock, go to TipRanks’ Stock Analysis page.