The Board strongly believes that, based on this offer, Patrick shareholders are better off without Toll in the medium and long term. Patrick has far superior businesses and significantly greater growth prospects relative to Toll.
More Quotes from Chris Corrigan:
Our long-term capital investment program in ports will move to a new phase next month with the opening in Brisbane of our world-first automated straddle carrier terminal,Chris Corrigan
If (Toll chief Paul) Little isn't prepared to face us in the boardroom, we have no option but to meet him in court,
Chris Corrigan
We don't need to dilute, or as some people say pollute, by merging our business with a road freight-forwarding business,
Chris Corrigan
Now he's being given the opportunity to buy back effective control (of Virgin) at 1.40 aud (a share), so it is an extraordinarily wonderful situation for him. I hope he hasn't danced on my grave prematurely.
Chris Corrigan
If you look at Toll as a business, it's a primarily a road-based, freight forwarding business,
Chris Corrigan
Toll have effectively negotiated with themselves a transaction which is not in line with the board approval that was given,
Chris Corrigan
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