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AUSTRALIAN ONLINE TRAVEL COS VIE FOR TRAVEL.COM.AU.
SYDNEY, Oct 1 Asia Pulse - Online accommodation search web site Wotif.com (ASX:WTF) has made a A$49.8 million (US$43.9 million) off-market takeover bid for Travel.com.au Ltd (ASX:TVL).
Wotif.com is offering TVL shareholders either 0.50 in cash per TVL share, or between 0.0893 and 0.1042 Wotif.com shares per TVL share.
"The offer values TVL at approximately A$49.8 million," Wotif.com said.
Travel.com.au is already subject to a takeover offer from online travel agent Webjet Ltd, which is offering Travel.com.au shareholders 10 cents cash and 0.23 Webjet shares for each of their shares.
Travel.com.au, which owns travel booking site lastminute.com.au revealed on Friday it had been approached by a third party but said it did not solicit the offer and wasn't sure how serious it was.
The Webjet deal values Travel.com.au at about A$42.3 million.
Wotif.com said its offer represented a 9.5 per cent premium to the implied value of Webjet's ...
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...accommodation search web site, Wotif.com (ASX:WTF). Travel.com.au Ltd (TVL) said...approximately $49.8 million," Wotif.com said. Wotif.com's offer for TVL trumps...takeover offer from online travel agent Webjet Ltd, which...
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- News wire article from: AsiaPulse News October 4, 2007 700+ words
...revised its offer for the company. Wotif's offer values the online travel agency at $A54.8 million ($US48...share or between 0.0982 and 0.1146 Wotif shares for each Travel.com.au share. Wotif says their latest bid offers Travel...
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...performance from the wotif.com accommodation...contributions from the travel.com.au Ltd...brands includes Wotif.com, lastminute.com.au, travel.com.au, AsiaWebDirect...about 100 other travel content and destination websites. Wotif chief executive...
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...Manager James Coulbault said: "Wotif.com is originally an Australian...As part of the sponsorship Wotif has built a custom-made website...Raiders and AMNRL fans looking to travel to away games to support their...excited to be partnered with Wotif.com and their great rates...
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...global organisations such as Wotif.com can only be good for the domestic game. Wotif.com Brand Development Manager...As part of the sponsorship Wotif has built a custom website...City and CSL fans looking to travel to away games to support their...
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- News wire article from: Asia Africa Intelligence Wire August 24, 2005 700+ words
...grown to 13 per cent," wotif.com's chief operatiang...made up 60 per cent of wotif's business into Kuala...estimates that the online travel market in the Asian region...potential to drive online travel bookings with 87 per...between now and June 2006. Wotif.com also sees a boost...
Source: HighBeam Research, AUSTRALIAN ONLINE TRAVEL COS VIE FOR TRAVEL.COM.AU.