Originally Posted by
mostlytossas
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 hsve more skin in the game.
Agree. Cyrus, and Bain for that matter never intended to risk their own money without government guarantees. Deloitte signaled this weeks ago. It’s all been a game of brinkmanship with the creditors and the employees picking up the tab!