Private equity bid for Qantas is too low
As Allco Finance Group reveals its involvement in the takeover talks, analysts warn that the mooted price of A$5.20 per share for the national carrier wonÆt fly.
Analysts following the rumour that AustraliaÆs national carrier Qantas is about to be bought by a private equity consortium say the mooted price of A$5.20 a share is too low and that the deal will fail unless the bidders increase their offer to around A$5.50 a share, valuing the company at just over A$11 billion $8.3 billion.
Talk about the sweet spot for the daring takeover bid came as Allco Finance Group emerged as another potential partner in the...
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