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| Version 0 | Version 1 |
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| Qantas accepts Macquarie takeover | Qantas accepts Macquarie takeover |
| (about 5 hours later) | |
| Australia's flagship airline Qantas has accepted an A$11.1bn ($8.7bn; £4.4bn) takeover bid led by Macquarie Bank. | |
| The board unanimously recommended shareholders accept A$5.60 a share, 33% higher than a month ago when takeover speculation began. | |
| Qantas rejected an offer of A$5.50 a share on Tuesday, with unions fearing thousands of job losses. | Qantas rejected an offer of A$5.50 a share on Tuesday, with unions fearing thousands of job losses. |
| "I think we've done a very good job for the shareholders," said Qantas chairwoman Margaret Jackson. | "I think we've done a very good job for the shareholders," said Qantas chairwoman Margaret Jackson. |
| Qantas shares ended Thursday trading up 3.73% to A$5.28 following the announcement. | |
| Stake share | Stake share |
| Current ownership laws mean that no investor can own more than 25% of the firm's shares while no foreign company can hold a majority stake. | Current ownership laws mean that no investor can own more than 25% of the firm's shares while no foreign company can hold a majority stake. |
| In the consortium Airline Partners' Australia, Macquarie will own about 15%, with Australian finance company Allco being the largest shareholder, through several subsidiaries. | In the consortium Airline Partners' Australia, Macquarie will own about 15%, with Australian finance company Allco being the largest shareholder, through several subsidiaries. |
| Texas Pacific Group will hold less than 15%, with Canada's Onex Corp owning 9%, and other foreign investors taking another 15%. | Texas Pacific Group will hold less than 15%, with Canada's Onex Corp owning 9%, and other foreign investors taking another 15%. |
| The new owners will not break up the airline, hive off maintenance overseas or cut regional routes, said a spokesman for the consortium, in a bid to reassure unions. | The new owners will not break up the airline, hive off maintenance overseas or cut regional routes, said a spokesman for the consortium, in a bid to reassure unions. |
| Despite suffering from the steep increase in fuel prices in recent years, Qantas remains one of the few global carriers to turn a profit. | Despite suffering from the steep increase in fuel prices in recent years, Qantas remains one of the few global carriers to turn a profit. |