Airline Partners Australia dropped a bombshell on Qantas stockholders yesterday by announcing that is not going to make another bid for the airline, which some investors reportedly counted on when they rejected APA's A$5.45 ($4.52) per share offer. At the same time, Chairman Margaret Jackson, who backed APA's effort, reportedly announced her intention not to seek reelection at November's annual meeting. In a statement, the bid consortium said it "has concluded that in the current environment ...

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