Mole Poll respondents tell US hedge funds to get lost!

Saturday, 29 Mar, 2007 0

A report in TravelMole yesterday covering a Sky News report said a US hedge fund, Octaovian Funds with a stake in Qantas had attacked the key investors planning to block the $11 billion takeover bid as it seeks profits from the sale, telling Aussie investors to be realistic about the airline.

A Mole Poll running yesterday asked, “Do you think that US hedge funds should tell Aussie Qantas investors what to do?”, and 100% of respondents said No, which is a resounding response and also a message for Octaovian to not attempt to tell Aussies what to do, in particular about their Qantas shares and also for APA and Qantas about the Aussie passion and committment that surrounds the potential sale to APA.

The comments came as Aussie based Deutsche Bank increased its holding to 8.4% on behalf of hedge funds betting profits from the deal, with DB also an adviser to Qantas and APA exploring options to reduce the 90% acceptance condition, as investors UBS and Balanced Equity blocked the deal, but it is not known yet how many private investors will block the deal with only 30% of shareholders having agreed to sell to APA.

Do you think that US investors or hedge funds should tell Aussie investors to sell their Qantas shares to APA?

Please let The Mole have your view by responding to the Mole Poll on this page and if you have more to say, feel free to do so by clicking on the COMMENTS box below.

Report by The Mole



 

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John Alwyn-Jones



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