Virgin Australia in Voluntary Administration
Virgin Australia collapses into voluntary administration today as it looks to recapitalise and emerge in a stronger position following the COVID-19 crisis. So what does this mean for shareholders - will they lose out?
And is this the time for takeover offers, not just with Virgin Australia but other companies that may be in financial trouble. Shares have fallen heavily over the past few months for a lot of ASX companies, which opens up an opportunity for predatory behaviour from cashed up companies looking for acquisitions.
So in tonight’s Australian Stock Market Show, Dale and Janine will delve into company takeovers on the ASX during the coronavirus outbreak and more.