News: AQZ Qantas Announces Acquisition Of Remaining 80% Of Alliance Aviation Services

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