Webjet Group Limited (ASX:WJL) Rejects BGH Acquisition Proposal
BGH Acquisition Proposal
Webjet Group Limited has rejected the unsolicited, non-binding proposal from BGH to acquire a controlling interest at $0.80 per share.
Board Decision
The Board determined the offer materially undervalues the company and involves significant uncertainty, leading to the rejection of the proposal.
Future Considerations
Webjet remains committed to maximising shareholder value and will consider acquisition proposals that align with this objective.
Motley Fool contributor Lianne Eastty has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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