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.