Qantas target for takeover?

Rumours in the Australian press have suggested that a consortium led by former Qantas boss Geoff Dixon and backed by multi-millionaire John Singleton could be looking to takeover the Australian flag carrier. Singleton described the airline as “undervalued” and he has declared that he is ”always interested” in potential deals. The crash in the company’s share price value now values the company at $1billion, while the company has $3billion in cash and assets – that makes it an attractive target. Singleton told reporters: “’I’m interested in anything … I’ll buy anything that’s got $3 billion in cash. I wouldn’t be