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Merger talks boost Qantas Airways shares

Shares in Qantas Airways surged nearly 9 percent Wednesday, buoyed by the announcement that the Australian flagship airline was in merger talks with British Airways.

Qantas shares, which closed down 10 cents the day before, added 20 cents, or 8.89 percent, to 24.5 Australian dollars.

British Airways shares also soared in London trading following the announcement Tuesday.

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