Original article by Perry Williams, Madeleine Heffernan
The Australian Financial Review – Page: 15/20 : 8-Jul-14
US-based online travel bookings group Expedia has launched a takeover bid for Wotif.com. Investors have been offered $A3.30 a share in a bid worth $A703 million in total. Wotif co-founder Graeme Wood as well as CEO and MD Scott Blume have recommended shareholders accept the offer. Blume said competition in the sector was so intense that it was "eat or be eaten" for Wotif
CORPORATES
WOTIF.COM HOLDINGS LIMITED – ASX WTF, EXPEDIA INCORPORATED, BOOKING.COM BV, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION, FAIRFAX MEDIA LIMITED – ASX FXJ, PARADICE INVESTMENT MANAGEMENT PTY LTD, SUMITOMO MITSUI FINANCIAL GROUP INCORPORATED, WILSON HTM LIMITED, HYPERION ASSET MANAGEMENT LIMITED, UQ HOLDINGS, GUARDIAN MEDIA GROUP PLC, CCZ EQUITIES PTY LTD