Qantas rejects takeover offer, shares plummet

[9V-JKL]

Australia's Qantas rejects takeover offer, shares plummet
Posted: 13 December 2006 0716 hrs

SYDNEY : Australian flag carrier Qantas Airways on Wednesday rejected a 10.9 billion dollar (8.6 billion US) takeover bid from a private equity consortium, sending its shares into a nosedive.

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