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flag Helloworld offers A$0.90/share to acquire Webjet, a 31% premium, citing strategic growth amid weak results.

flag Helloworld Travel has made a non-binding A$0.90-per-share cash offer to acquire Webjet Group, a 31% premium over Webjet’s May 7 price, prompting a 17% share surge. flag The proposed scheme of arrangement, pending due diligence and approvals, follows Webjet’s recent demerger and comes amid weak financial results, including a 9% EBITDA decline. flag Helloworld, already holding 17.3% of Webjet, calls the deal a strategic move to boost scale and competitiveness in travel bookings.

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