'Very much in play': Webjet seeks pre-Christmas clarity as takeover fight heats up
A quick conclusion to the tussle between BGH Capital and Helloworld may be a tough ask, with bidding far from over and a potential third suitor circling.
Webjet Group is pushing to bring its takeover battle to a head before Christmas, according to people familiar with the process, as rival suitors BGH Capital and Helloworld undergo due diligence.
A source briefed on the company's internal discussions, who spoke on the condition of anonymity, told Capital Brief that Webjet wants the contest resolved within the next month to reduce uncertainty for shareholders.
How likely that outcome is remains to be seen. Private equity group BGH hiked its bid to 91 cents per share on Friday, edging out a 90-cent offer by Webjet rival Helloworld two days earlier.
But according to one fund manager, who has recently taken a position in Webjet, there is plenty of room for improvement.
