2210 GMT - Online travel agent Webjet looks like a takeover target to Jefferies. The company, recently separated from WEB Travel, competes with the likes of Expedia, Booking Holdings and Trip.com in Australia and New Zealand. "We believe Webjet would be an appealing ANZ-centric addition for any of these, but it would be likely that competition regulator the ACCC would review," analyst John Campbell says. Also, any interest from Trip.com could prompt scrutiny from the Foreign Investment Review Board, Jefferies says. But with challenging conditions in the ANZ leisure market Jefferies doesn't see bids coming any time soon. It starts Webjet at hold.(david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
October 21, 2024 18:10 ET (22:10 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.