WEB web travel group limited

News: WEB Webjet Ltd to acquire Online Republic group of companies

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    June 6 (Reuters) - Webjet Ltd (WEB) :

    • Acquisition of Online Republic and capital raising (WEB)
    • Acquisition estimated to be double-digit EPS accretive in FY 2016 on a pro-forma basis
    • Senior management of online republic to be retained, with vendors to receive Webjet shares for 22% of the purchase price
    • Entitlement offer is a fully underwritten pro rata accelerated non-renounceable entitlement offer to raise approximately A$72 million
    • Online republic's earnings growth expected to be consistent with webjet's b2c EBITDA cagr target
    • Acquisition will be funded by fully underwritten accelerated non-renounceable entitlement offer and issue of new Webjet shares to vendors
    • Acquisition of online republic, with over NZ$200 million in total transaction value
 
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(20min delay)
Last
$4.45
Change
-0.130(2.84%)
Mkt cap ! $1.654B
Open High Low Value Volume
$4.55 $4.55 $4.45 $747.5K 165.9K

Buyers (Bids)

No. Vol. Price($)
4 1117 $4.45
 

Sellers (Offers)

Price($) Vol. No.
$4.46 1655 6
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