Author: away-pitsaway-pits Date: May 6, 2007 18:28
Looks like situational awarness wheels came off big time on this one .
Wonder who will put the next bid in :)
any way to the real deal news (various sources )
May 7, 2007
THE bungled $11.1 billion private equity raid on Qantas has left the
national carrier exposed to another takeover, given the airline's
board has already telegraphed its reserve price.
The Macquarie Bank-led consortium's desperate attempts to resuscitate
the failed bid ended in humiliation yesterday when the Federal
Government-appointed Takeovers Panel - and the Australian Securities
and Investments Commission - killed it.
Shareholders now regard the position of Qantas's chairwoman, Margaret
Jackson, and her fellow directors as untenable, given her resounding
endorsement of the deal, which some believe undervalued the airline.
Government sources say some senior ministers were "very happy" the
controversial bid had failed.
| 
