Back to business, but what happens next….?
APA failed to reach the 50% of acceptances required by last Friday’s 7pm deadline. Achieving only 46% of shareholder acceptances means that the bid has failed. This is certainly the view of both the Takeovers Panel and ASIC.
If APA had managed to secure 50%, then it would have been interesting to see if they could have achieved the required 70% within the following two weeks, but this should all now be a moot point! Amazingly however, there may still be a chance that APA can resurrect the original bid.
Analysts consider it unlikely, but shareholders may still be faced with it all again if APA abandons the original bid and then simply submits a new one!
The fallout may not be so good either. With so much at stake, APA may pursue other avenues, and there is now nothing stopping another equity raider from saying “Hmmm…. Fancy a Flying Kangaroo?”
By so thoroughly endorsing the failed bid, the Qantas board is now in the hot-seat and a purge may ensue. A significant corporate falling on swords may be in fact detrimental if future ownership continues to be uncertain, particularly if a new bid appears.
The Mole is not a market analyst, however, regardless of what happens regarding share prices over the next little while, the key point here is that Qantas as a business still has significant value.
So, if you want to help deter future corporate takeovers, and secure your little piece of the national carrier, this could be a good time to buy some equity!
However, you may have to wait a short while – Qantas share trading has today been temporarily suspended at the request of the Australian Securities & Investments Commission (ASIC) while matters are clarified.
Report by The Mole
John Alwyn-Jones
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
ADS PRO 
Higher departure tax and visa cost, e-arrival card: Japan unleashes the fiscal weapon against tourists
Singapore to forbid entry to undesirable travelers with new no-boarding directive
Euromonitor International unveils world’s top 100 city destinations for 2025
U.S.A. and Israel attacks on Iran impact air movements in the Gulf (Update 1.00pm CET)
Global tourism exceeds 1.5 billion travelers announces UN-Tourism