Question : Sell Qantas shares as suggested for AU$ 5.60, or hope for improvement in value ?
Takeover to prevent Qantas share price drop: report
An independent report has warned the Qantas share price is likely to fall if shareholders do not accept a takeover proposal from Airline Partners Australia.
The Qantas Board formally announced the $5.60 per share offer by Airline Partners Australia to its shareholders in December.
Independent expert Grant Samuel and Associates has since reviewed the bid and deemed it to be fair and reasonable.
The report says the Qantas share price is likely to drop by about $1 to the pre-bid price of $4.20 if the offer is not accepted and no superior proposal emerges.
The Qantas Board has recommended its shareholders accept the offer.
In a statement issued to the Australian Stock Exchange, Qantas chairman Margaret Jackson says the offer represents very good value for shareholders.
Several Coalition MPs have expressed concerns ...
2007-02-24 17:52:40 · 1 answers · asked by Anonymous in Business & Finance ➔ Investing
check on aptistock freeware
2007-02-25 04:38:50 · answer #1 · answered by dinu_pawar 5 · 0⤊ 0⤋