Australian unions and analysts are warning that Qantas may be broken up and thousands of jobs lost if a $7.7 billion hostile takeover bid brokered by Australia's Macquarie Bank and led by US corporate raider Texas Pacific Group is successful. Qantas confirmed yesterday to ATWOnline that it is the target of the bid and released a statement to the Australian Stock Exchange saying "the approach is confidential and incomplete and is being investigated." Macquarie called discussions "preliminary" ...

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