Has all the signs of the Tesna bid for Ansett. I wouldn't be surprised if Bain also now pull out due to no Government dollars which these VC 's really want to do spend other people's money while stripping the assets for themselves. I also think Qantas announcement was strategically timed to help kill off any bids. My guess is Virgins best chance is the bondholders bid as they have more skin in the game.
Last edited by mostlytossas; 26th Jun 2020 at 01:09.