THE STRAITS TIMES
saturday may 5, 2007

Macquarie's $14b offer for qantas rejected.


alot of problems have arised when qantas made the announcement of wanting to sell the comapny away allowing more than 50% of the shares to be owned by foreign investors. however after much debate and arguements, qantas has decided not to allow singapore investors to purchase the shares and allowing less than 50% to be own by foreighn investors. this is because i feel that australia still value the fact that qantas is the symbol of australia, the national pride for australians. hence they chose to be the major shareholder of qantas, so as to allow them to make the overall decision.