The group of influential investors prodding at Qantas Airways, which reportedly includes Gerry Harvey and Katie Page, are sitting on a small stake in the airline. Expect the PR battle to go up a notch. Meanwhile, Billabong International USA president Paul Naude is thought to be chatting to a few private equity firms. How they’ll be different from the last ones to pass on Billabong remains to be seen. Also, Telstra’s purchase of South Australian ISP Adam Internet is getting some objections, MYOB is going for a $125 million listed note and Horizon Oil’s PNG assets have grabbed a solid valuation.
Qantas Airways is expected to sell its Emirates alliance harder to shareholders with reports over weekend indicating a group of influential activist shareholders have actually got a small stake in the airline.