Sunday, October 28, 2007

WHOOT: AOT climbs to 19.9% and Webjet claims it is back in the hunt

Time for another The WHOOT series update - WHoever Owns Outright Travel.com.au.

Long term Travel.com.au (TVL) shareholder and director Daniel Droga has sold more than 9% of TVL stock to the "quiet accumulator" AOT - who can now claim 19.9% of the stock. This is not enough (yet) to completely end the Wotif charge for TVL ownership as Wotif have made it clear tha they would be happy with 75% - bit it is close.

Webjet have also come back swinging claiming that with recent increases in Webjet stock value, the Webjet offer is now worth more than the TVL Board recommended Wotif offer. We are still yet to see the official Wotif bidders statement.

4 comments:

Jono said...

I believe "is not worth" should be "is now worth".

Tim Hughes said...

thanks

Anonymous said...

Webjet is an embarrassment to the travel industry. You'd have more success with the Marx brothers leading the bid process on their behalf. The Hokey Pokey bid by Webjet, "in, out, in, out, we don't know what its all about"
Sigh - online travel in this country has gone to the dogs.

Anonymous said...

its a bit hard for a third party to make money in a duopoly