THE ECONOMY: Qantas takeover bid – leave it to the market?*

There are at least six compelling reasons why the Government should prevent Qantas from being taken over by Macquarie Bank and its U.S. associates, argues Sydney lawyer Robin Speed.Is the fate of Qantas under the proposed takeover a matter for the stock market or the Australian Government? If the takeover proceeds, Qantas will, for the first time since it was established 85 years ago, no longer be majority-owned by the Australian public – but a private company riddled with high-risk debt.Th…

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