Qantas APA Takeover Update
50% is the magic number of shareholder acceptances that Airline Partners Australia need before 7pm today to keep their Qantas bid flying for a further two weeks.
Shareholders have an interesting quandary:
1. Should they keep their stake and hope that both the 50% and then 70% targets (of acceptances) are reached, thus potentially being well rewarded in cash terms – and accept the risk that it may be their action that contributes to the bid nose-diving or;
2. Should they simply cash in and heed the advice of APA director Bob Mansfield who has warned shareholders that the share price will almost certainly fall if the bid fails?
Some analysts are predicting that a late rush will save the bid at least for today, but The Mole certainly wouldn’t place a bet after all that has been said in the last few weeks!
Report by The Mole
EU airports bring back 100ml liquid rule
British Airways passengers endure 11-hour 'flight to nowhere'
CLIA: Anti-cruise demos could cause itinerary changes in Europe
Co-pilot faints, easyJet flight issues ‘red alert’
Gatwick braces for strike