It would appear that the wife will be leaving Qantas at just the right time. Moves are afoot that might see a onsortium of Australian and foreign venture capitalists to purchase up to 49% of the company giving them effective control.
The shares have climbed from a low of $2.95 earlier in the year to a high today of $5.25!
The share price expected for the offer is around $5.50 but is dependent on government support since some ownership rules would have to be relaxed to allow the sale to proceed.
Like many employees, the wife was a member of the ‘share plan’ so if she is able to dispose of her shares this might give her a little nest egg to help with the transition from one company to another.
It’s doubly good from her perspective since she went before any shakeup of the company has gone ahead since there are already rumours (unfounded??) of a slash and burn attack on staff numbers after the takeover as the new owners try to claw back as much of their capital a possible in the shorter term.
Of course *if* the rumours were true… and *if* she was one of those made redundant… then it might have been far harder to seek new employment on *her* terms. It’s always better to negotiate from a position of strength.
The Eclectic Interweb 