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Bain added the rival offer was actually designed to “frustrate the administration process by creating as much noise and interference as possible”.
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The revelation came despite them losing a Federal Court case on Friday to gain access to secret details of Bain’s ‘winning’ proposal.
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The move comes days after the group also asked Australia’s takeover watchdog to intervene because they weren't allowed to present their plan to creditors.
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Broad Peak Investment Advisers and Tor Investment Management, representing the bondholders, are seeking an interim order to allow their own offer to be put to creditors ahead of a vote in August.
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Bain Capital has reacted to news the airline's bondholders have launched an 11th-hour bid by making a series of new promises to staff.