I have no doubt that the present management wants to circumvent the intent of the QANTAS Sale Act hence the promotion of JetStar to the detriment of mainline but it is another thing to do that with a view to privatise the company. For one, there are serious criminal sanctions for duding your shareholders by driving down the share price in order to make a purchase offer by a private equity company more agreeable.
Yes but do you honestly think those at the summit will take the fall for such a breach? Not on your life! Some other poor schmuck down the food chain will take one for the team and be the scapegoat and they'll hang them out to dry just as they did with those Freight execs who are in the slammer.
Also, look at the last APA bid.. was there any recrimination when that all fell in a heap? Even with the seeming conflict of interest all of the board and exco got away with that scott free.. Not even a slap on the wrist and we got to give GD $11M for the privilege!