Thursday, March 1, 2012

Fed: Administrators to look at other bidders

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Fed: Administrators to look at other bidders

Ansett administrators will now approach unsuccessful bidders for the collapsed airlineafter LINDSAY FOX and SOLOMON LEW this morning pulled out of the deal to buy the company.

The Tesna syndicate pulled out of negotiations with the administrators 48 hours beforetomorrow's midnight deadline.

Administrators MARK KORDA and MARK MENTHA, of Andersen, say Tesna had advised theycould not meet tomorrow's deadline for the sale because of third-party issues.

Mr KORDA says he and Mr …

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