Webjet Group Ltd (ASX: WJL) shares have fallen sharply after the company announced that a potential takeover bid from fellow travel company Helloworld Travel Ltd (ASX: HLO) had fallen over. Webjet ...

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What’s going on here? Helloworld Travel is making a move to buy out the rest of Webjet, offering AU$0.90 per share to strengthen its position in an online travel market dominated by global giants.

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Helloworld Travel has announced a substantial increase in its first-half underlying earnings before interest, taxes, depreciation, and amortisation (EBITDA), reporting $30.5 million. This represents a ...