Morgan Stanley, Citigroup Inc. and Goldman Sachs Group Inc. among six banks financing Macquarie Bank Ltd.'s A$11.1 billion ($9.2 billion) bid for Qantas Airways Ltd. eased conditions for funding the takeover. They agreed to arrange financing if investors holding at least 70 percent of the stock accept the offer. They earlier insisted on 90 percent support. (Macquarie and its allies, including U.S. buyout firm Texas Pacific Group, are prohibited from raising their offer price under Australian takeover law.)
You can (compromise and) win!
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