Webjet says BGH's takeover offer lowballs the company; no deal for now
Summary by themarketonline.com.au
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Webjet says BGH's takeover offer lowballs the company; no deal for now
Webjet Group (ASX:WJL) has firmly rejected a takeover bid it received from BGH last week which had the effect of pushing up Web’s share price out of the blue on Thursday 8 May. That shot the stock to 80cps; as of the first half hour of trades on Friday, shares are worth 88cps. Except most investors on HotCopper seem to think that anything below a flat $1.00/sh deal is a direct lowball. Or, to use a corporate term, strategic undervaluation. In th…
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