2125 GMT - Helloworld's takeover offer for Webjet looks highly compelling to Jefferies, given the current backdrop for travel agents. Helloworld is offering A$0.90/share for the roughly 83% of Webjet that it doesn't already own. Analyst John Campbell highlights that Webjet lacks scale in a flat leisure market. Larger overseas rivals are pushing hard into Australia. Also, consumers in Australia and New Zealand are under pressure and likely to remain so. That will translate to low, if any, growth in total transaction value, says Jefferies. "We struggle to see Webjet being able to reverse the downward trend," Jefferies says. It has a A$0.81/share price target on Webjet. (david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
November 19, 2025 16:25 ET (21:25 GMT)
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