Arguably Australia’s leading online travel operator Webjet, yesterday made an $A42.3 million bid to purchase 100% buyout of http://www.travel.com.au/ and all associated businesses.
In its statement to the stock exchange, http://www.travel.com.au/ said that the Board had “unanimously agreed to recommend Webjet’s offer”, unless a better offer comes along in the meantime.
They have also reserved the right to evaluate the bid by an independent expert, and to reject the bid if the offer is found unfair.
Report by The Mole
