Airline Partners says will not raise Qantas offer
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Airline Partners Australia (APA), a consortium bidding for Australia's Qantas Airways , said on Friday it would not increase its $8.7 billion buyout offer for the airline.
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Australia's Qantas Airways Ltd.  has rejected a conditional A$10.9 billion ($8.6 billion) buyout offer led by Macquarie Bank Ltd.  and Texas Pacific Group .
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Sydney - Australian retailer Coles Myer on Tuesday said it would not raise its bid for pubs operator, Australian Leisure and Hospitality, as rival Woolworths said it had gained more than 20 percent of the company and declared its offer unconditional.
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Macquarie Bank Ltd.  and private  equity firm Texas Pacific Group  are leading a plan to  buy out Qantas Airways Ltd. , Australia's top airline  said on Wednesday, sending its shares up 21 percent.
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Qantas Airways, the Australian carrier, rejected an $8.6 billion takeover bid led by Macquarie Bank of Australia and the American equity firm, the Texas Pacific Group. Qantas said it had received a nonbinding proposal, but that the terms were ânot acceptable.â Qantas confirmed in November that it received a takeover proposal from Macquarie Bank and Texas Pacific.
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SYDNEY, Australia -- Australian authorities Tuesday approved a proposed alliance between Qantas and Air New Zealand - but the decision came too late for the airlines as the New Zealand High Court last month rejected the tie-up.
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By Kyodo News International, Tokyo  Dec. 14--SYDNEY -- Australia's Qantas Airways said Thursday it has  accepted a revised A$11.1 billion (about US$8.7 billion) buyout offer by a  consortium led by a local investment bank, a local newspaper reported.
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Passenger Focus move comes after industry regulator's refusal to investigate double-digit rises.
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Qantas Airways Ltd. should not seek another airline to replace British Airways Plc if the UK carrier sells its stake in the business, Qantas Chief Executive Geoff Dixon said.
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British Airways intends to sell its A$1.12 billion (435.3 million pounds) stake in Qantas Airways in the next 48 hours, just weeks after the Australian government ruled out scrapping a foreign ownership restriction.
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Australian airline Qantas rejects a controversial $8.6bn takeover deal led by Australian bank Macquarie.
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SYDNEY, Australia -- Australia's Qantas Airways has been approached by Macquarie Bank and private equity firm Texas Pacific Group about a takeover that analysts said Wednesday could be worth almost 11 billion Australian dollars, or $8.5 billion.
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Australian flag carrier Qantas Airways has rejected a 10.9 billion dollar (8.6 billion US) takeover bid from a private equity consortium, sending its shares into a nosedive.
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Qantas Airways Ltd. , Australia's top airline, is expected to announce a takeover offer of around A$10.9 billion (US$8.55 billion) from a consortium led by Macquarie Bank Ltd.  this week, possibly as early as Wednesday, sources said.
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Australia's government says it will not block a proposed takeover of the country's flagship airline Qantas.
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SYDNEY: Australian regulators have lifted objections to a proposed alliance between Qantas Airways and Air New Zealand, although New Zealand authorities remain a stumbling block to the trans-Tasman deal.
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Qantas Airways Ltd and Air New Zealand Ltd have abandoned their proposed alliance in its current form after it was stymied by New Zealand authorities.