Airline Partners Australia's A$11.1 billion ($9.21 billion) bid for Qantas was dealt yet another blow yesterday as acceptances fell to 25.52% from 27.8% as the offer moves into its final week (ATWOnline, April 24). APA must secure 50% acceptance by Friday evening to trigger a two-week extension of the offer, giving it time to reach the revised target of 70%. It did say that more than half of QF shareholders have accepted the offer. But for the moment the bid appears to be doomed, as market ...

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