Ah Kelly, that's just the trick! Just as Sunfish has eluded to, like the Russian sell-off's (Gazprom anyone?), this may not be a classic stock buyout. It is the sell-off of those hollow log entities that enables the wealth transfer. Black box accounting allows them to give any illusion required.
Note also, that it not necessarily the franchise themselves that represent the wealth, but perhaps long term contracts to buy a service from a particular supplier - say leasing aircraft, ground handling, crewing companies or a myriad of other inputs to their businesses. Add in cross-jurisdiction contracts in multiple languages (Just like James Hardies move to the Netherlands) and you have a recipe for all sorts of opaque accounting trickery. Note, this is much more subtle that the 80's style LBO's to deliberately obscure the true motives.
So, in short, there may be no boost to the QAN stock price. There is a possibility that it may cease to exist as a listed entity & small shareholder losing their investment.