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Re: Finemores to merge with Toll
- Subject: Re: Finemores to merge with Toll
- From: "John McCandless" <johnmc@topend.com.au>
- Date: Tue, 20 Feb 2001 07:56:17 +1000
- 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:31818
Note for Qld subscribers:
Toll owns QRX, and NQX......
--
John McCandless
Cloncurry Qld Au
> 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
>