APA update 2 hrs ago!

Saturday, 03 May, 2007 0

A Reuters report only 2 hrs ago says that acceptances for Airline Partners Australia’s Qantas bid have risen by only 7% since yesterday and with one day to go before the offer closes, the consortium still a long way off winning the airline.

APA said it now has acceptances for 32.96 per cent of the airlines’s shares, up from 25.94% yesterday.

Its voting power over Qantas shares has risen to 27.78% from 17.63%.

The consortium’s $5.45 per share bid closes tomorrow at 7pm AEST and will lapse if APA doesn’t receive acceptances for at least 50% of the shares.

APA is counting on a last minute rush of acceptances from hedge funds to get the deal over the line.

An up to the minute report by The Mole



 

profileimage

John Alwyn-Jones



Most Read

Vegas’s Billion-Dollar Secrets – What They Don’t Want Tourists to Know

Visit Florida’s New CEO Bryan Griffin Shares His Vision for State Tourism with Graham

Chicago’s Tourism Renaissance: Graham Interviews Kristin Reynolds of Choose Chicago

Graham Talks with Cassandra McCauley of MMGY NextFactor About the Latest Industry Research

Destination International’s Andreas Weissenborn: Research, Advocacy, and Destination Impact

Graham and Don Welsh Discuss the Success of Destinations International’s Annual Conference

Graham and CEO Andre Kiwitz on Ventura Travel’s UK Move and Recruitment for the Role

Brett Laiken and Graham Discuss Florida’s Tourism Momentum and Global Appeal

Graham and Elliot Ferguson on Positioning DC as a Cultural and Inclusive Global Destination

Graham Talks to Fraser Last About His England-to-Ireland Trek for Mental Health Awareness

Kathy Nelson Tells Graham About the Honour of Hosting the World Cup and Kansas City’s Future

Graham McKenzie on Sir Richie Richardson’s Dual Passion for Golf and His Homeland, Antigua
TRAINING & COMPETITION
Skip to toolbar
Clearing CSS/JS assets' cache... Please wait until this notice disappears...
Updating... Please wait...