Saturday, May 5, 2007

Late support revives Qantas bid-buyout group

(Reuters) - The group bidding for Australia's Qantas Airways Ltd. said on Saturday it would press on with the A$11 billion takeover offer after winning last-minute backing from a large U.S. investor.

The Airline Partners Australia (APA) consortium said it would appeal to regulators to keep the bid alive following the unidentified investor's late intervention, which came just hours after it said the offer had not won enough support to proceed.


Read more at Reuters Africa

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