Airline Partners Australia's A$11.1 billion ($8.96 billion) bid for Qantas hit considerable turbulence Friday when Balanced Equity Management, which holds approximately 4% of the carrier, informed the Australian Stock Exchange that it would not accept the offer. BEM MD Andrew Sisson said "equity markets have appreciated significantly" since APA launched its bid and that "given the current level of the share market, in the absence of an adverse development in relation to Qantas, or a fall in ...

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