Challenge To Bain Capital’s Virgin Australia Bid Withdrawn – Simple Flying

A group of Virgin Australia bondholders has suffered a serious setback in their attempt to overturn the winning bid for Virgin Australia. The successful bidder was challenged last week by representatives of bondholders in Australia’s government-administered Takeovers Panel. But that challenge was withdrawn just three days later, leaving out-of-pocket bondholders in disarray.
Bondholders suffered a serious setback in their challenge to the winning bid last week. Photo: Getty Images
Virgin Austr…

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