Thoughts On Webjet (WEB AU)'s Demerger

Aug 21, 2024

∙ Paid

Back on the 22 May, global travel outfit Webjet (WEB AU) announced it was exploring the separation of its two divisions - Webjet and Webjet B2C - via a demerger.
If the demerger is implemented, shareholders will receive one Webjet B2C share for every Webjet share; plus retain their existing shares in Webjet (to be renamed WEB Travel Group).
A demerger booklet has been dispatched, with a 17th September vote on the in-specie distribution. If approved, WEB Travel (ex-entitlement) and Webjet B2C commence trading on the 23rd September.

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