Takeovers Panel releases reasons for Qantas decision

The Takeovers Panel has published the reasons for its decision in  relation to an application dated 6 May 2007 from Airline Partners Australia Limited (APA) for review of the decision made by the sitting Panel in  the Qantas Airways Limited proceedings that it not take any action in response to APA’s submissions that as a result of clause
7.3(f)(i) of the terms of the APA Offer, APA may have met the 50%
threshold prior to the scheduled close of the APA Offer and thus the
APA Offer may have been extended by the operation of s624(2) of the
Corporations Act.

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