Australia's Hazelton Accepts Ansett Bid To Boost Holding
Ansett Australia, a unit of Air New Zealand, reported that it won a bidding war to boost its stake of regional carrier Hazelton Airlines to 35.4%, after the Hazelton family accepted Ansett's A$1.35 a share offer. Ansett now owns about 23% of Hazelton and Qantas has a 20% stake in the carrier but...
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