Qantas Airways Ltd 02

Judgment date: 6/05/2007
Court: ATP
Judge: Withnall (P), A Lumsden and J Seabrook
Citation: (2007) 62 ACSR 347; [2007] ATP 6; BC200703780;
Catchwords: Corporations;  Takeovers;  Off-market cash takeover bid;  Unacceptable circumstances;  

Corporations;  Takeovers;  Decline to commence proceedings;  Insufficient basis to commence;  

Corporations;  Takeovers;  Closing date;  Late acceptance;  

Corporations;  Takeovers;  Lapse of offer;  Defeating condition;  

Corporations;  Takeovers;  50% threshold;  Majority acceptances;  

Corporations;  Takeovers;  Hedge fund;  Competitive, efficient and informed market;  

Corporations;  Takeovers;  Sophisticated shareholder;  Late participation;  

Corporations;  Takeovers;  Opportunity to participate;  Denial because of actions of one shareholder;  

Corporations;  Takeovers;  No harm in orders;  Choice for shareholders;  

Corporations;  Takeovers;  Bid terms;  Whole of shareholding provision in bid terms;  

Corporations;  Takeovers;  Jurisdiction;  Insufficient basis to commence proceedings;  

Corporations;  Takeovers;  Submissions;  Lack of submissions from relevant shareholder;  

Corporations;  Takeovers;  Submissions;  Lack of submissions from target;  

Corporations;  Takeovers;  Persons affected by applications and orders;  Rights and interests;  

Corporations;  Takeovers;  Treatment of bid;  Treat bid as if an acceptance received before close of offer;