Re: Finemores to merge with Toll

["Adam Dunning" <adamdunning@start.com.au>]

which is interesting.  I heard a rumor recently that Toll's won't be able to
buy NR on their own.  They are looking for someone with rail expertise to
buy it with them.  FA is off their list because of the way they (FA) dropped
the Toll train for SCT.

Adam

"avachat" <avachat@dingoblue.net.au> wrote in message
3a98cb36$0$25465$7f31c96c@news01.syd.optusnet.com.au">news:3a98cb36$0$25465$7f31c96c@news01.syd.optusnet.com.au...
> Seems that history is easily forgotten,
> Tolls were in bed with FreightCorp with the intention of a joint purchase
of
> National Rail up until John Fahey
> made the public announcement that State owned
> Entities were not permitted to bid.
> avachat.
>
> John McCandless <johnmc@topend.com.au> wrote in message
> 3a91966b.0@news.topend.com.au">news:3a91966b.0@news.topend.com.au...
> > 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
> > >
> >
> >
>
>