THE BLEEDING OBVIOUS QUESTION IS WHY WERE THESE IDEAS NOT DIVULGED TO ORDINARY SHAREHOLDERS AHEAD OF THE APA BID??????
HOW THE F**K COULD ANY SHAREHOLDER MAKE AN INFORMED DECISION ON THE FUTURE VALUE OF THEIR SHARES IN THE ABSENCE OF SUCH INFORMATION?
WERE SUCH PLANS, OR THE EXISTENCE OF SUCH PLANS, KNOWN TO THE BOARD AND WERE THEY KNOWN TO APA?????
If the answer to the last question is affirmative, then I submit that something is very very wrong with Corporate Governance at qantas and probably elsewhere in this country. Of course, since at the time of the takeover bid, APA and its backers had more than 50% of the shares, the Board could perhaps argue that it was acting in the interests of the majority of shareholders.
Of course this begs the question of whether the Mums and Dads would have sold their shares in the first place if they had known beforehand of Dixons plans to give Qantas a glittering (privately owned) future.