Qantas bidders yet to agree new terms: Source

Sydney, Apr 10: A private equity group bidding for Qantas Airways Ltd. has yet to agree a new funding deal with its banks for the planned A billion ( billion) takeover, a source familiar with the deal said on Tuesday.

Local media reported that the bidding consortium had agreed to lower the minimum acceptance level required for the takeover to 75 percent from 90 percent, to help the consortium overcome resistance from some institutional shareholders.

''No such decision has yet been agreed,'' the source said.

Reuters