(Reuters) - The consortium, Airline Partners Australia , said its A$11 billion offer for the airline would not proceed if that was the case.
"Airline Partners Australia today announced that as at 7 pm AEST on 4 May 2007 it appears that acceptances have not reached the 50 percent level required to extend the offer," the bid group said in a statement emailed to Reuters.
Read more at Reuters.com Mergers News
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