Qantas agrees to boosted takeover offer
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Australian flag carrier Qantas agreed to a boosted 11.1-billion-dollar (8.7 billion US) takeover bid from an international private equity consortium.
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Qantas confirmed Wednesday that British Airways plans to sell its 18.25 percent stake in Australia&#39;s flag carrier over the next two days.
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British Airways Plc. plans to sell its  A$1.12 billion ($773 million) stake in Australia's Qantas  Airways Ltd. in the next two days to cut debt and take  advantage of future consolidation in Europe.
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Record high oil prices are likely to trigger a rash of airline mergers and tie-ups, accelerating a wave of consolidation in the aviation sector, the head of Australian carrier Qantas said on Wednesday.
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Shares in Australian flag carrier Qantas have jumped more than four percent amid expectations a takeover consortium is finally ready to formally table a multi-billion dollar offer for the airline.
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BRITISH Airways today announced plans to sell its Â£425 million stake in Australiaâs Qantas Airways to cut debt and take advantage of consolidation in Europe.
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A consortium led by Macquarie Bank Ltd.  came closer to clinching an $8.7 billion takeover of Australia's Qantas Airways Ltd.  on Monday after the airline released an independent report saying the offer was fair.
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The multi-billion dollar takeover of Australian airline Qantas underlines an increasing trend by cash-rich investment funds to snap up established companies.
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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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Australia's Qantas Airways   said on Thursday it has accepted an A$11.1 billion ($8.7  billion) revised buyout offer led by Macquarie Bank Ltd.   and private equity firm Texas Pacific Group at A$5.60  a share.
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Australia's Qantas Airways Ltd.   rejected on Wednesday a conditional A$10.9 billion  ($8.6 billion) buyout offer led by Macquarie Bank Ltd.   and private equity firm Texas Pacific Group .
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AN Australian tribunal today gave the green light to a proposed alliance between Qantas Airways Ltd and Air New Zealand Ltd, even though the airlines are no longer able to pursue the tie-up the way they had planned.
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Australia's competition regulator said  on Friday it has started a review into an $8.7 billion buyout  offer for Qantas Airways Ltd.  from a group led by  Macquarie Bank Ltd.  and private equity firm Texas  Pacific Group.
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The Australian Competition Tribunal today gave the greenlight to a proposed alliance between the airline and Qantas -- the same tie-up scuttled last month on this side of the Tasman by the High Court.
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SYDNEY, Australia -- Qantas Airways said Thursday it had accepted an $8.64 billion takeover offer from a private equity consortium including Australia's Macquarie Bank and the Texas Pacific Group _ one of the biggest corporate buyouts in Australian history.
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Qantas shares are 1.5 percent higher Thursday after the Australian flag carrier confirmed the Aust. $1.1 billion ($770 million) exit of British Airways from its share register.
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Air France-KLM on Monday detailed its offer to buy all of Alitalia , confirming details given on Sunday by its chairman to Italian newspapers.