Webjet (ASX:WEB) has received an unsolicited, non-binding proposal from private equity firm and 10.76% stakeholder BGH Capital to acquire a controlling interest in the company at AU$0.80 per share in cash, according to a Tuesday filing with the Australian bourse.
The offer is conditional on due diligence, the filing said.
Webjet's board is currently assessing the proposal, and shareholders are advised that no action is required at this time.
It appointed UBS Securities and MinterEllison as financial and legal advisers, respectively, related to the matter.
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