Qantas rejects £4.35bn takeover bid
Qantas has rejected an A$11 billion (£4.35 billion) takeover bid from a consortium led by a US private equity firm and Australia’s largest investment bank, Macquarie Bank.
A statement said: “Qantas Airways Limited notes that there has been significant speculation in the media concerning a possible takeover bid for Qantas.
“Qantas confirms that, as reported in the media today, it has received a non-binding conditional proposal to acquire 100% of the company from a Consortium including Allco Equity Partners, Allco, Finance Group, Macquarie Bank, Onex and Texas Pacific Group.
“The proposed offer price is A$5.50 per share and incorporates a number of complex conditions, the requirement for unanimous support by Qantas directors and a break fee.
“Implementation is proposed to be effected by way of an off-market takeover bid with a 90% minimum acceptance condition.
“The non-executive directors consider that the terms of the proposal are not acceptable.
“Qantas will keep shareholders informed of any material developments.”
Phil Davies
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 
France prepares for a massive strike across all transports on September 18
Turkish tourism stalls due to soaring prices for accommodation and food
CCS Insight: eSIMs ready to take the travel world by storm
Germany new European Entry/Exit System limited to a single airport on October 12, 2025
Airlines suspend Madagascar services following unrest and army revolt