May 5 (Reuters) - Qantas Airways Ltd (QAN) :
- TO ACQUIRE ALLIANCE AVIATION
- REACHED AN AGREEMENT TO FULLY ACQUIRE ALLIANCE AVIATION SERVICES LTD
- ALLIANCE SHAREHOLDERS RECEIVE QANTAS SHARES WORTH A$4.752 FOR EACH ALLIANCE SHARE THEY HOLD
- AGREEMENT WOULD SEE ALLIANCE BECOME A WHOLLY-OWNED PART OF QANTAS GROUP
- NO CHANGE TO QANTAS' ARRANGEMENTS WITH ALLIANCE AS A RESULT OF TODAY'S ANNOUNCEMENT GIVEN APPROVALS REQUIRED
- QANTAS WOULD ISSUE NEW SHARES VALUED AT APPROXIMATELY A$614 MILLION IN A TRANSACTION
- TRANSACTION EXPECTED TO BE EPS ACCRETIVE FOR QANTAS SHAREHOLDERS, BEFORE SYNERGIES
- UNDER AGREEMENT, REMAINING 80% OF ALLIANCE TO BE ACQUIRED THROUGH A SCHEME OF ARRANGEMENT
News: AQZ Qantas Announces Acquisition Of Remaining 80% Of Alliance Aviation Services
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