Northern Ireland Aviation Enthusiast's Forum
General Aviation Discussion => Aviation News => Topic started by: casper on March 23, 2007, 10:56:41 AM
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A takeover of Australia's Qantas has hit turbulence after a shareholder said it would reject the deal worth 11.1bn Australian dollars ($8.8bn; £4.5bn).
Balanced Equity, which owns a 4% stake in the airline, said it would not back the bid and analysts have warned that more shareholders may now follow suit.
The offer has come from a consortium led by Macquarie Bank and needs more than 90% of shareholders to approve it.
More Info (http://news.bbc.co.uk/1/hi/business/6483255.stm)