Webjet Rejects BGH Capital's Proposal

MT Newswires Live

2025/05/16

Webjet (ASX:WEB) rejected private equity firm and 10.76% stakeholder BGH Capital's unsolicited, non-binding proposal to acquire a controlling interest in the company at AU$0.80 per share in cash, according to a Friday filing with the Australian bourse.

The board found that the terms of the proposal undervalued the company and were not in the best interest of shareholders, and that the proposal's structure and conditions added uncertainty.

Shares of the company rose 1% in recent Friday trade.

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