Australia won’t legislate against Qantas break-up
24 November 2006Australian Prime Minister John Howard said he would not introduce laws to stop a break-up of national icon Qantas Airways in a A$10 billion (4 billion pounds) buyout, citing a commitment to free markets.
At the same time, Qantas Chief Executive Geoff Dixon emphasised that buyout talks with investment firms Macquarie Bank Ltd. and Texas Pacific Group were at an early stage.
source: Reuters
