Australia's Security Regulator Refuses Qantas Bid Extension...

Australia's Security Regulator Refuses Qantas Bid Extension

(MORE TO FOLLOW) Dow Jones Newswires
May 06, 2007 19:35 ET (23:35 GMT)
Copyright (c) 2007 Dow Jones & Company, Inc.
*DJ Australia's Security Regulator: Mkt Fully Aware Of Deadline

(MORE TO FOLLOW) Dow Jones Newswires
May 06, 2007 19:35 ET (23:35 GMT)
Copyright (c) 2007 Dow Jones & Company, Inc.
*DJ Australia's Takeovers Panel Upholds Qantas Bid Decision

(MORE TO FOLLOW) Dow Jones Newswires
May 06, 2007 19:38 ET (23:38 GMT)
Copyright (c) 2007 Dow Jones & Company, Inc.
*DJ Australia's Takeovers Panel To Publish Reasons Soon

(MORE TO FOLLOW) Dow Jones Newswires
May 06, 2007 19:38 ET (23:38 GMT)
Copyright (c) 2007 Dow Jones & Company, Inc.
*DJ Australia's Takeovers Panel: APA Should Clarify Situation

(MORE TO FOLLOW) Dow Jones Newswires
May 06, 2007 19:39 ET (23:39 GMT)
Copyright (c) 2007 Dow Jones & Company, Inc.
*DJ Takeovers Panel: Bid Team Claims 50% Reached Before Deadline

(MORE TO FOLLOW) Dow Jones Newswires
May 06, 2007 19:42 ET (23:42 GMT)
Copyright (c) 2007 Dow Jones & Company, Inc.
DJ Australian Regulators Reject Qantas Bidders Appeals

SYDNEY (Dow Jones)--Australian regulators Monday refused two appeals by the consortium
bidding A$10.82 billion for Qantas Airways Ltd. (QAN.AU), confirming they wouldn't
allow its offer to proceed.
The Australian Securities & Investment Commission said it had decided to refuse
applications from the Airline Partners Australia consortium to overcome the effect of the
failure of the bid to reach 50% acceptances by the 0900 GMT Friday cutoff of the A$5.45
per share bid.
The Takeovers Panel also said that following a review Sunday, it wouldn't reverse
a decision not to allow the late acceptance of the offer by an investor holding 4.96% of
the airline.
APA had sought an appeal of the panel's decision not to declare a situation of
unacceptable circumstances under the offer, after saying an offshore investor had lodged
its acceptance of the offer around five hours late.