United Kingdom
United States
Asia Pacific
Qantas rejects £4.35bn takeover bid
Qantas has rejected an A$11 billion (£4.35 billion) takeover bid from a consortium led by a US private equity firm and Australia’s largest investment bank, Macquarie Bank.
A statement said: “Qantas Airways Limited notes that there has been significant speculation in the media concerning a possible takeover bid for Qantas.
“Qantas confirms that, as reported in the media today, it has received a non-binding conditional proposal to acquire 100% of the company from a Consortium including Allco Equity Partners, Allco, Finance Group, Macquarie Bank, Onex and Texas Pacific Group.
“The proposed offer price is A$5.50 per share and incorporates a number of complex conditions, the requirement for unanimous support by Qantas directors and a break fee.
“Implementation is proposed to be effected by way of an off-market takeover bid with a 90% minimum acceptance condition.
“The non-executive directors consider that the terms of the proposal are not acceptable.
“Qantas will keep shareholders informed of any material developments.”
Phil Davies
Tony from Gatto’s Pizza on Columbus’s Unique Pizza Trail
Sophia Hyder Hock on Global Social Inclusion in Tourism
Sustainable Tourism: Don Welsh on Community Values and Global Collaboration
Jane Cunningham: Enhancing European Engagement in Tourism
Kristin Dunne: Navigating Destination Strategy
Revolutionizing Mobile Connectivity: Boris Bijlstra on HUBBY eSIM
Capturing Glasgow’s Vibrancy: An Interview with Susan Deighan, Chief Executive of Glasgow Life
Lebua Hotel & Resorts: Rajan Khurana on Hospitality and Bangkok’s Charms
Sustainable Tourism and Growth: Insights from Chiravadee Khunsub from Tourism Authority of Thailand
Revolutionizing Travel: SmartSIM USA’s Dale Takio Unveils the Power of E Sims
TravelMole Interview with Hishan Singhawansa, Deputy CEO of Cinnamon Hotels & Resorts, Sri Lanka
Unveiling the Essence of Magari Tours: A Dive into Authentic Italian Experiences
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