Wednesday, November 28, 2007

WHOOT: 3 days, 3 notices and Wotif has more than 50% of Travel.com.au

WHOOT series update - WHoever Owns Outright Travel.com.au

The form 604s are flying thick and fast relating to Wotif's buyout plans for Travel.com.au. A 604 form is the "change of substantial ownership form". Through these forms we can track just how close Wotif is getting to owning Travel.com.au as the Dec 17 offer deadline approaches.

Tuesday Wotif hit 36.86%, yesterday 40.23% and today a massive 58.04%. The acceptances are flying in. No word in any of the filings if one of those acceptances is from AOT who before this rapid fire round of 604s owned just shy of 20% and seemed to be the only obstacle to 100% ownership for Wotif.

No comments:

Post a Comment