KEY POINTS:
Shares of Qantas Airways fell to a three-month low on concern an A$11.1 billion ($12.5 billion) Macquarie Bank-led buyout will be blocked by shareholders seeking a higher offer. The stock closed down A7c at A$5.09 yesterday, well below the A$5.60 a share offer from Macquarie Bank, Texas Pacific and Allco Equity Partners.
Investors last month blocked a A$1.6 billion management buyout of Flight Centre.
