Monday, May 7, 2007

Qantas scuttled by hedge fund greed - analysts

Business News - Reuters on Yahoo! News

Qantas scuttled by hedge fund greed: analysts 46 minutes ago

MELBOURNE (Reuters) - Miscalculations by hungry hedge funds in a giant game of brinksmanship appear to be the key reason behind the crash of an A$11 billion takeover offer for Australia's Qantas Airways Ltd. , analysts said.

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