2210 GMT - Online travel agent Webjet looks like a takeover target to Jefferies. The company, recently separated from WEB Travel, competes with the likes of Expedia, Booking Holdings and Trip.com in Australia and New Zealand. "We believe Webjet would be an appealing ANZ-centric addition for any of these, but it would be likely that competition regulator the ACCC would review," analyst John Campbell says. Also, any interest from Trip.com could prompt scrutiny from the Foreign Investment Review Board, Jefferies says. But with challenging conditions in the ANZ leisure market Jefferies doesn't see bids coming any time soon. It starts Webjet at hold.(david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
October 21, 2024 18:10 ET (22:10 GMT)
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