Sun, May 06, 2007 - Page 11 News List

Qantas takeover dramatically revived

REPRIEVE Airline Partners Australia said an unnamed investor's votes were received on Friday, boosting shareholder acceptances past the level needed to extend the bid

AFP , SYDNEY

He said Qantas now faced the prospect of a protracted battle between APA and the hold-out investors who oppose the bid.

The APA consortium comprises Australian companies Macquarie Bank Ltd, Allco Finance Group Ltd and Allco Equity partners, as well as US buyout firm Texas Pacific Group and Canada's Onex Corp.

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