Reuters: Private Equity: Qantas hires Macquarie to defend against possible bids

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Qantas hires Macquarie to defend against possible bids Jun 12th 2012, 02:02 SYDNEY, June 12 | Mon Jun 11, 2012 10:02pm EDT SYDNEY, June 12 (Reuters) - Qantas Airways said on Tuesday it has hired Macquarie Group and set up an internal team to defend against potential private equity bids, after the Australian carrier lost a third of its value last week on warnings of its first loss since listing. A Qantas spokesman confirmed the move in a emailed statement but declined to elaborate. Qantas shares, which rose as much as 10.3 percent on Tuesday, were trading 9.8 percent higher at 0157 GMT. The stock fell to a record low of A$0.96 last week. (Reporting by Narayanan Somasundaram; Editing by Ryan Woo)

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