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30th Oct 2011, 22:54

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WorthWhat

Join Date: Jul 2010

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Qantas Ripe for Takeover

Sinking share price leaves carrier ripe for a takeover

About $20 million a day. This is the price that Alan Joyce (was) willing to strip from Qantas and its shareholders to beat the unions into submission....

Joyce and the Qantas board decided to make industrial relations the weapon to cut costs and maintain margins and yields. In doing so they have driven the share price into the ground, making it a sitting duck for a takeover.

Sinking share price leaves carrier ripe for a takeover - National News - National - General - Newcastle Herald

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