WOTIF SHAREHOLDERS APPROVE TAKEOVER

Written on the 9 October 2014

WOTIF SHAREHOLDERS APPROVE TAKEOVER WOTIF.COM Holdings Limited (ASX: WTF) shareholders have voted in favour of Expedia’s $703 million takeover of the company.

The resolution to approve the scheme, which was proposed on September 5, was favoured by 94.85 per cent of company shareholders.

99.93 per cent of votes were cast in favour of the resolution.

The Supreme Court of Queensland will pass down its final verdict to WTF (CEO Scott Blume pictured) on October 14, and the company will be removed from the ASX at end of trade on October 15 if the acquisition is approved.

Subject to court approval, WTF shareholders will receive $3.06 per share to be paid on the scheme implementation date of October 27 and a 24c fully franked special dividend per WTF share to be paid on the dividend payment date of October 20.

Therefore, shareholders will receive cash value of $3.30 per share.

WTF entered a trading halt this morning before the announcement.

The company’s shares are trading up 0.61 per cent at $3.30. 



Latest News

SUPREME COURT ORDERS OCTAVIAR GROUP TO WIND UP

THE Queensland Supreme Court has ordered the Octaviar Group of companies (formerly known as MFS Group) to be wound...

CEOS BRAVE THE COLD TO RAISE $1.4 MILLION FOR THE HOMELESS

MORE than 400 executives confronted the cold last night in the annual Vinnies CEO sleepout, which took place benea...

JENNIFER WESTACOTT ON BANK TAX: IT EXPOSES GOVERNMENT "DESPERATION"

South Australia's new bank levy exposes the desperation of a government that is unable to get its own budget and ...

BASKETBALL'S COMEBACK CONTINUES WITH NBL CLUBS TO FACE OFF AGAINST CHINA'S NATIONAL TEAM

THE RESURGENCE of Australia's National Basketball League (NBL) continues with China's national team to play t...

Related News

BASKETBALL'S COMEBACK CONTINUES WITH NBL CLUBS TO FACE OFF AGAINST CHINA'S NATIONAL TEAM

THE RESURGENCE of Australia's National Basketball League (NBL) continues with China's national team to play t...

DOMESTIC TOURISM IN AUSTRALIA BREAKS RECORDS, INJECTS $61.7 BILLION INTO NATIONAL ECONOMY

DOMESTIC Australian tourists have spent a record breaking $61.7 billion on intra and interstate travel this year, acc...

THE DOCTORS WHO PLUNGED INTO THE SHARK TANK AND SURVIVED WITH A $500,000 INVESTMENT

THEIR mission is to change the face of cancer care with an app that empowers and connects patients and care givers...

IMF BRACES FOR BIG LOSS FOLLOWING WITHDRAWAL FROM SPOTLESS CLASS ACTION

LITIGATION fund IMF Bentham (ASX: IMF) is set to lose as much as half a million dollars after it ceases funding one o...

BOOK YOUR FUNCTION SPACE HERE

 

 

 

Contact us

Email News Update Sign Up Contact Details
Subscriptions

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter