Ann: Suspension update, page-22

Sounds like webjet has a better offer, at least they have a few options. Sounds like good news!

from the Australian

Kohlberg Kravis Roberts is understood to have waved the white flag on its efforts to buy into Webjet, but Bain Capital is believed to be embarking on due diligence on the business.It is understood that Bain has been in talks with the company for a number of days.DataRoom understands that Webjet knocked back a proposal by KKR to secure a small equity stake in the business because it came with warrants attached with debt that were problematic for the company.It is understood that of the $250m that Webjet was trying to raise last week, $150m was for working capital to pay back clients and $150m was to keep the company operational in a difficult environment.Shares in the company, which on Monday again requested further time before it resumed trading, last traded at $3.76.It is understood that the company was hoping to secure equity from investors at $2 per share.