{"id":61307,"date":"2014-10-02T12:49:39","date_gmt":"2014-10-02T16:49:39","guid":{"rendered":"http:\/\/countingpips.com\/?p=61307"},"modified":"2014-10-02T12:49:39","modified_gmt":"2014-10-02T16:49:39","slug":"why-wotif-com-holdings-ltd-shares-soared-today","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2014\/10\/why-wotif-com-holdings-ltd-shares-soared-today\/","title":{"rendered":"Why Wotif.com Holdings Ltd Shares Soared Today"},"content":{"rendered":"
October 2, 2014<\/div>
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By MoneyMorning.com.au<\/u><\/a><\/p>\n

What Happened to the Wotif.com Holdings Ltd Share Price?<\/h2>\n

Shares in online travel service provider Wotif.com Holdings Ltd [ASX:WTF]<\/strong> bucked the broader market trend to power ahead by nearly 6.5% today. The price action marks a dramatic resurgence from a weak September for Wotif.com.<\/p>\n

Why Did This Happen to WTF Shares?<\/h2>\n

This morning Australia\u2019s antitrust watchdog announced that it would not oppose travel booking giant Expedia Inc [NASDAQ:EXPE]<\/strong> in its bid to take control of Wotif.com.<\/p>\n

This clears the biggest hurdle that the deal had faced. It paves the way for closure before Christmas.<\/p>\n

Expedia\u2019s $703 million takeover bid values Wotif.com at $3.30 per share…so today\u2019s price action suggests that the market sees a very limited chance that the deal will fall over.<\/p>\n

What Now for Wotif.com Holdings Ltd?<\/h2>\n

The New Zealand Commerce Commission still has to give its seal of approval before this deal can finalise\u2026but this seems to be a mere formality. <\/p>

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Wotif faces a challenging business environment and joining forces with Expedia will undoubtedly solidify its position. <\/p>\n

Shareholders may well have been disappointed by Wotif.com\u2019s share price performance over the past four years\u2026but this offer has provided a golden opportunity to sell up and consider investing the proceeds in other Aussie internet stocks<\/a>.<\/p>\n

Cheers, Tim Dohrmann<\/strong>+<\/strong><\/a>
\nSmall-Cap Analyst, Australian Small-Cap Investigator<\/em><\/strong>
\nJoin Money Morning on Google+ <\/span><\/a><\/strong><\/p>\n

The post Why Wotif.com Holdings Ltd Shares Soared Today<\/a> appeared first on Stock Market News, Finance and Investments | Money Morning Australia<\/a>.<\/p>\n

\n<\/img><\/a> <\/img><\/a> <\/img><\/a>\n<\/div>\n


\nBy MoneyMorning.com.au<\/u><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

By MoneyMorning.com.au What Happened to the Wotif.com Holdings Ltd Share Price? Shares in online travel service provider Wotif.com Holdings Ltd [ASX:WTF] bucked the broader market trend to power ahead by nearly 6.5% today. The price action marks a dramatic resurgence from a weak September for Wotif.com. Why Did This Happen to WTF Shares? This morning […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-61307","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/61307","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=61307"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/61307\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=61307"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=61307"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=61307"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}