BGH Capital and veteran corporate raider Gary Weiss are demanding Webjet return $100 million to shareholders despite previously pushing the online travel company to shelve plans for buybacks.
The private equity giant and an entity associated with Weiss wrote to the Webjet board asking for shareholders to be given a vote on whether the company should pay the funds back at an annual meeting in August.
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Ayesha de Kretser is a senior reporter with The Australian Financial Review covering the aviation and tourism sectors. She has previously reported on banking, mining and commodity markets. Connect with Ayesha on Twitter. Email Ayesha at ayesha.dekretser@afr.com.au
