Australia's Webjet hits over five-month high on BGH Capital interest

Shares of Webjet Group WJL.AX rose as much as 3.4% to A$0.92 in earlier hours, their highest level since December 9

Stock eases gains to A$0.905, up 1.7%

Australian online travel agency receives unsolicited non-binding indication of interest from private equity firm BGH Capital

Cash offer to acquire controlling stake in co for A$0.8 per Webjet share

RBC Capital Markets notes offer is at 10% discount to Webjet's last close, says any deal will likely require much higher bid

Brokerage says shareholders likely to entertain offers starting from A$1.26/share to A$ 1.5/share

RBC Capital Markets also notes peer Helloworld Travel's HLO.AX substantial ~5% stake, however, says investment in WJL appears "out of character" for HLO

Stock up 4% YTD, including current session's moves