Sunday, May 6, 2007

Qantas says takeover bid for airline has failed

(Reuters) - "Accordingly, Qantas will proceed with strategies and plans for its future."

Qantas shares are expected to fall on Monday after Australia's Takeover Panel rejected an application by the bid group to include late support from a major shareholder who missed a deadline for acceptances.


Read more at Reuters.com Mergers News

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