Summary
PRIVATE equity firm Apax Partners does not plan to launch a counter-bid for Iberia Lineas Aereas de Espana as long as the British Airways and Texas Pacific Group-led consortium stays in the race, sources close to Apax said.
"As things stand, they're not interested in any kind of public bidding war," the sources said, noting that Apax would only consider a bid if the consortium - which has launched a 3.60 a share indicative offer - decides to give up on its bid.See the full content of this document
Extract
Rumour of the Day: No Apax Counter-Bid for Iberia
Earlier, El E...
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