Good Shares to Buy

Travel.com.au Takeover

{ 8:54 PM, 5/10/2007 } { 1 comments } { Link }

Wotif.com (WTF) has increased its offer for online travel website Travel.com.au (TVL), by 10 percent to $54.8 million. Shareholders in Travel.com.au will be able to choose between an all-cash bid of 55 cents or they can choose to receive between 0.0982 and 0.1146 Wotif shares. The battle for Travel being fought between Wotif and Travel's rival, Webjet (WEB) may still go on. Travel shares went up to 64 cents, 9 cents higher than Wotif's bid after investors concluded that bidding war is not over yet. Webjet shares gained 3.5c and closed at $1.50, while Wotif shares moved down by 10c to end on Friday at $5.35.
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Larry Lim

{ 6:10 PM, 13/10/2008 } { Posted by Anonymous }
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