PPRuNe Forums - View Single Post - APA Bid fails to get 50% (Merged)
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Old 4th May 2007, 12:46
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ANstar
 
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http://www.smh.com.au/news/business/...788399360.html

"Qantas chief executive Geoff Dixon has declined to offer his resignation, saying it was up to the board. As for his fellow executives Mr Dixon told smh.com.au: "The management team are all individuals. They can make make any decision on where they could go.''
Emergency meeting
The Qantas board will hold an emergency meeting tomorrow. Qantas chairwoman Margaret Jackson is expected to come under intense pressure to quit, given her strong endorsement of the private equity bid.
Shareholders such as Balance Equity Management and UBS Global Asset Management which rejected the offer, believed Ms Jackson and her board caved in too easily to the APA a share offer."

I reckon Maggie will go next week and Darth will hang on till the end of the year when Joyce takes over.
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