Just wondering everyone's opinion on Qantas - the bid is on the table by MBL et al @ $5.50 and yet the stock closed today at 5.09. I made myself a tidy sum playing barrier call warrants today, the thing opened at 4.94!!!!
Even though there is a fair amount of negative press on having an Australian icon company go private, the consortium appears to have fulfilled the 40% in aggregate and 15% any one foreign holder restriction, so you would have to think that provided they back off on the conditions of the offer, the independent directors would give it the nod - and good ole Dixon is sure to give it the tick, he stands to make a furken fortune.
Anyone have any opinions here????