HLO receives ACCC clearance for potential Webjet acquisition
| Stock | Webjet Group Limited (WJL.ASX) |
|---|---|
| Release Time | 3 Dec 2025, 4:40 p.m. |
| Price Sensitive | Yes |
Helloworld receives ACCC clearance for potential Webjet acquisition
- Helloworld submits non-binding proposal to acquire Webjet for A$0.90 per share
- Proposal subject to due diligence, Scheme Implementation Agreement, and Webjet Board recommendation
- ACCC grants no-objection and clearance for the potential acquisition
On 19 November 2025, Helloworld Travel Limited (Helloworld, ASX:HLO) announced that it had submitted a non-binding indicative proposal to the Board of Webjet Group Limited (Webjet, ASX:WJL) to acquire all of the issued shares in Webjet that it does not already own by way of a Scheme of Arrangement. Helloworld's Proposal is to acquire all of Webjet's shares for a cash consideration of A$0.90 per share. The Proposal is subject to certain conditions, including completion of confirmatory due diligence to the satisfaction of Helloworld, entry into a Scheme Implementation Agreement on terms acceptable to Helloworld including customary closing conditions and regulatory approvals (including ACCC no-objection), and a unanimous recommendation from the Webjet Board of Directors that Webjet shareholders vote in favour of the Proposal in the absence of a superior proposal. Webjet's Board of Directors has granted Helloworld due diligence access, and Helloworld has now received a no-objection and clearance letter from the ACCC.