Takeovers panel clears Virgin

Govt panel declines to declare unacceptable circumstances for capital raising.

Virgin Australia Holdings (VAH) has welcomed a decision by the government Takeovers Panel declining to make a declaration of unacceptable circumstances after Stephen Mayne applied to amend the terms of the airline's capital raising.

In a statement to the Australian Securities Exchange, the Takeovers Panel said the outcome of the airline's $350 million entitlement offer will be to maintain substantially the structure of its share register.


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