Scoop has an Ethical Paywall
Withdrawal Of Toll Offer For Tranz Rail
Takeovers Panel Consents To Withdrawal Of Toll Offer For Tranz Rail
The Takeovers Panel today consented, under rule 26(1) of the Takeovers Code, to the withdrawal by Toll Group (NZ) Limited of its takeover offer for Tranz Rail Holdings Limited dated 23 June 2003.
The Panel’s consent
was given after receiving advice from Toll that Tranz Rail
had not satisfied condition 6.1.4 of Toll’s offer and that
Toll had decided not to waive the condition. The Panel also
noted that Tranz Rail’s target company statement did not
include the statement required by condition 6.1.4.
Advertisement - scroll to continue reading
Dominion Road Business Association: Auckland Transport's 'Bus To The Mall' Campaign: A Misuse Of Public Funds And A Blow To Local Businesses
Parrot Analytics: A Very Parrot Analytics Christmas, 2024 Edition
Financial Markets Authority: Individual Pleads Guilty To Insider Trading Charges
Great Journeys New Zealand: Travel Down Memory Lane With The Return Of The Southerner
WorkSafe NZ: Overhead Power Lines Spark Safety Call
Transpower: Transpower Seeks Feedback On Electricity Investment Short-list For Upper South Island
