Qantas yesterday released an independent expert report supporting its recommendation that shareholders accept the A$11.1 billion ($8.61 billion) or A$5.60 per share private equity takeover bid by Airline Partners Australia. The analysis by accounting firm Grant Samuel makes up part of Qantas's target statement and argues that the price is fair and reasonable. In fact, Grant Samuel indicates that anything above A$5.18 per share is a good deal and suggests that if the bid fails the share ...

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