"APA has concluded that in the current environment and circumstances, a renewed offer on terms acceptable to APA would not be likely to succeed... On that basis APA has decided not to proceed with a renewed offer for Qantas at this time.
Given the current context and circumstances, APA has determined that making a new offer on terms satisfactory to APA would not be likely to be successful... Consequently, APA has chosen not to pursue a revised bid for Qantas at this time.