Qantas appoints Macquarie to defend against PE bids
Qantas Airways has hired Macquarie Group to set up an internal team “to advise on the defense against potential private equity bids,” a company spokesman has confirmed. The news prompted an 11% spike in the airline’s share price to A$1.08 during morning trading on Tuesday, the biggest rise in more than five years.
Qantas has emerged as a target for private equity as its stock plunged 32% last week in response to predictions of an annual net loss. The company is trading down 26% year-to-date versus a 0.4% gain in...
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