Firstly, roamingwolf, even though your comments in relation to "the faaa knows everything and has thought of everything" is sarcastic, nevertheless it's true.
Some of you on here have to realise that the qualified staff and the experienced officials of the FAAA are likely to have discussed all scenarios and asked the relevant questions in relation to the matters you raise on here. It would be a real worry if those employed in the FAAA knew less that the members of the FAAA.
Now to your questions:-
1) Once the Macquarie bank consortium reaches 90% acquisitions of Qantas shares , the LAW requires that the remaining shares MUST be sold by those who hold them to the Consortium.
2) What is to stop someone else making a bid of the new owners?- well once they totally own all the qantas shares...qantas will no longer be a listed company on the stock exchange and therefore no one can "take over" the new Qantas because there are no shares to take over. It will be a private Company not listed on the ASX( Aust stock exchange).
3) The only entity or entities that could be then taken over, are the various companies that make up the consortium that own QANTAS, for example Maquarie Bank OR the Texas Company that might happen to be listed public Companies.
4) The new owners could seperate different parts of Qantas and sell them off. Absolutely, this is the case and this is being speculated eg, Qantas catering Qantas holidays etc.
5) Institutional investors ie big companies and fund managers hold 80% of the Qantas stock...so you can see that the takeover is a mere formality... total staff held shares are only about 0.3% of the total in other words 1/300 of total shares.
6) Union super funds are regulated by law like all other super funds...they cannot act in a POLITICAL MANNER TO BUY OR SELL SHARES. If they did, their management would be in prison.
I hope the above substantially answers your questions roamingwolf, and don't feel disappointed that others in the FAAA know more than you or others on this forum.... for pete's sake that is why they are employed and elected!!
Merry xmas roamingwolf
