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Thread: Qantas Take-over?
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Old Dec 13, 2006, 8:56 pm
  #76  
SQ744
 
Join Date: Mar 2006
Location: MEL
Programs: PPS, Asia Miles, QF Frequent Flyer
Posts: 169
Originally Posted by Mwenenzi
The QF board cannot sell Qantas, because they do not own or control all the shares. The QF board can only "recommend" Only the share holders can sell. It has been reported recently that 47% is foreign owned
I am aware that board members of a listed company can only 'recommend' shareholders accept offers, however the premium is far too good for the shareholders to refuse.

Regards
SQ744
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