Qantas accepts 8.6 bn bid to go private

8216;8217;It is a very momentous and exciting day for Qantas,8217;8217; Jackson told a media briefing after securing the improved deal from the consortium, which includes Australia8217;s largest investment bank, Macquarie, and buyout giant Texas Pacific Group, a long-term investor in the US aviation sector.

In addition to the better price Jackson said the new offer included fewer conditions and the removal of a break fee payable to the consortium if shareholders or government regulators fail to approve the deal.

8216;8217;We ended the day with a price that was compelling, no break fee and conditions that we can live with,8217;8217; she said. Jackson said the consortium8217;s bid reflected the airline8217;s true value, and was 33 per cent higher than Qantas shares were trading at before takeover speculation began in early November.