Australia's Webjet sinks on ending takeover talks with BGH Capital, Helloworld

Helloworld Travel

13/02/2026 24:26

** Shares of Webjet Group WJL.AX fall as much as 24.8% to A$0.583, post their largest intraday pct drop to date

** Stock hits lowest level since April 28, 2025

** Online travel agency says it ends discussions with private equity firm BGH Capital and travel distributor Helloworld Travel HLO.AX for a buyout proposal

** Says board has not received a proposal from either party that could be put to shareholders

** Also cuts FY26 EBITDA forecast to A$28 million-A$29 million ($19.85 million-$20.56 million) vs A$30 million-A$32 million earlier, citing challenging trading conditions

** More than 4 million shares change hands, 11.3 times the 30-day average

** Stock down 31.8% YTD, including the day's moves

($1 = 1.4106 Australian dollars)

 (Reporting by Nikita Maria Jino in Bengaluru)

 ((Nikita.Jino@thomsonreuters.com;))