Webjet Ltd informed the ASX it became aware of an undisclosed buyer aiming to acquire up to 5% of its shares after a price and volume spike on Thursday.
In response to the ASX query, Webjet said the buyer was offering 80c per share for around 19.6 million shares, with the option to increase the offer.
The buyer currently holds under 5%. Webjet shares closed at 80c, up from a 64c open.