Antitrust Regulators Eye Qantas Bid
The Australian Competition and Consumer Commission (ACCC), as well as 90% of Qantas’ shareholders, must grant approve in order for the deal to go through. Qantas’ board of directors has already agreed to unanimously recommend that shareholders accept the proposed buyout, which includes a cash offer of A$5.60 per share.
"The ACCC will closely assess the likely effect of the proposed acquisition...
To view the full article, register now.