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Online travel agent Webjet is seeking a $250 million equity injection. The company's bankers were crossing fund managers on Monday, seeking to shore up their support for both Webjet and the mooted raising. The proposed A$250 million deal was to be split into a placement and entitlement offer, according to terms in front of funds, with the institutional components due to be run on Wednesday. Proceeds would be used to shore up Webjet's near-term liquidity in light of a near shutdown of the domestic and global tourism industries. |
