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An update from Webjet Group Limited ( (AU:WJL) ) is now available.
Webjet Group Limited has rejected an unsolicited, non-binding proposal from BGH to acquire a controlling interest in the company for $0.80 per share, deeming it to undervalue the company significantly. The Board of Webjet, after consulting with financial and legal advisers and considering shareholder feedback, concluded that the proposal posed substantial uncertainties and was not in the best interests of shareholders. The company remains committed to maximizing shareholder value and is open to considering acquisition proposals that align with this objective.
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 operates in the travel industry, providing online travel booking services. The company focuses on offering a wide range of travel products and services, catering to both individual consumers and businesses, primarily in the Australian market.
Average Trading Volume: 3,352,127
Technical Sentiment Signal: Strong Buy
Learn more about WJL stock on TipRanks’ Stock Analysis page.