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Re: Finemores to merge with Toll
- Subject: Re: Finemores to merge with Toll
- From: mauried@tpg.com.au (Maurie Daly)
- Date: Mon, 19 Feb 2001 04:15:04 GMT
- Newsgroups: aus.rail
- Organization: Customer of Telstra Big Pond Direct
- References: <Rb0k6.37$2U6.1318@news0.optus.net.au>
- Xref: bclass.spectrum.com.au aus.rail:31753
On Mon, 19 Feb 2001 03:13:53 GMT, dbromage@fang.omni.com.au (David
Bromage) wrote:
>Finemores shareholders have finally agreed to a merger with Toll Holdings.
>The move takes effect from 2nd March.
>
>While it is called a merger, it is in effect a friendly takeover by Toll.
>Toll is keen to move more freight by rail, and the acquisition of Finemores
>could see some of that traffic leave the troad, at least on trunk routes.
>
>Cheers
>David
The problem with this idea is that Finemores are based in Wagga and
its very hard to see how a significant amount of their freight could
be moved by rail,given that Wagga or Bomen simply doesnt have any
large kind of marshalling yard.
MD