Could Webjet Attract a Third Bidder? RBC Thinks So -- Market Talk
Dow Jones11-21
0026 GMT - Two bidders are battling it out for Australian travel agent Webjet. RBC Capital Markets says it's not unreasonable to think another suitor could enter the fray. Private-equity firm BGH Capital has raised an offer for Webjet to A$0.91/share in cash. That appears to trump Helloworld's A$0.90/share bid for Webjet submitted days earlier. "We continue to believe Webjet possesses attributes (strong market position, brand awareness, cash generation and cash balance etc.) that would appeal to both trade and financial buyers alike," analyst Wei-Weng Chen says. RBC has a price target of A$1.10/share on Webjet. The stock is up 2.8% at A$0.915. (david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
November 20, 2025 19:26 ET (00:26 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
