The struggle for control of Qantas took a new twist yesterday with Airline Partners Australia's announcement that it will lower the threshold for its takeover bid to 70% of shares tendered from 90% and is extending its A$11.1 billion ($9.16 billion) offer by two weeks to May 4. The reduction from the initial acceptance threshold is designed to either sidestep or pressure two large shareholders, Balanced Equity Management and UBS Global Asset Management, who together control more than 10% of ...

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