Shareholders to vote on 'fair' Qantas bid

Qantas Airways has received a boost to its hopes of persuading shareholders to back an A$11.1bn (€6.6bn) bid from Australia's Macquarie and US buyout firm Texas Pacific Group, after an investment bank advising the airline deemed the offer "fair and sensible".

Bloomberg reports that investment bank Grant Samuel & Associates, which provided Qantas with a fairness opinion, has approved the bid.

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