Qantas Accepts $8.6B Bid to Go Private
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SYDNEY, Australia -- Qantas Airways said Thursday it had accepted an $8.64 billion takeover offer from a private equity consortium including Australia's Macquarie Bank and the Texas Pacific Group _ one of the biggest corporate buyouts in Australian history.
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Australian airline Qantas receives a takeover approach from Macquarie bank and Texas International.
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Outback Steakhouse's parent finally seals a deal to go private.
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PeopleSoft finally gave in yesterday and accepted a $10.3bn (Â£5.4bn) takeover proposal from its larger rival Oracle, ending a pursuit that has lasted 18 months and has been marked by bitter personal insults and a series of courtroom battles.
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SYDNEY: British Airways said it will sell its entire 18.25% stake in Australia&#39;s Qantas Airways in a move seen as likely to fuel a major realignment of airline alliances.
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Australian flag-carrier Qantas said it had received a takeover approach from Macquarie Bank and the Texas Pacific Group on behalf of a consortium they represent.
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Australia's competition regulator said on Friday it has started a review into an $8.7 billion buyout offer for Qantas Airways Ltd.  from a group led by Macquarie Bank Ltd.  and private equity firm Texas Pacific Group.
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British Airways intends to sell its A$1.12 billion (435.3 million pounds) stake in Qantas Airways in the next 48 hours, just weeks after the Australian government ruled out scrapping a foreign ownership restriction.
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Australia's government says it will not block a proposed takeover of the country's flagship airline Qantas.
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A merger between British Airways and the Spanish airline Iberia moved closer yesterday after BA raised Â£425m by selling its stake in Australia&#39;s national carrier Qantas
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LONDON (CBS.MW) -- British Airways (UK:BAY) (BAB) Wednesday said it&#39;s planning to sell its 18.25 percent stake in Qantas as it seeks funds to expand in Europe.
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Australia&#39;s Qantas Airways Limited said Wednesday British Airways is selling its 18.25 percent stake in Qantas. Qantas asked the Australian Stock Exchange to stop trading
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Australian flag carrier Qantas agreed to a boosted 11.1-billion-dollar (8.7 billion US) takeover bid from an international private equity consortium.
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AustraliaÂs national carrier, Qantas, said that it had been approached by Macquarie Bank and the Texas Pacific Group amid speculation of a takeover.
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Australia's Qantas Airways  agreed on Thursday to a sweetened $8.7 billion buyout offer from a group led by Macquarie Bank Ltd.  and private equity firm Texas Pacific Group in the world's biggest airline takeover.
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British Airways Plc, Europe&#39;s second- biggest airline, is selling its A$1.1 billion ($763 million) stake in Qantas Airways Ltd.
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SYDNEY, Australia -- Australia's Qantas Airways has been approached by Macquarie Bank and private equity firm Texas Pacific Group about a takeover that analysts said Wednesday could be worth almost 11 billion Australian dollars, or $8.5 billion.