Re: Finemores to merge with Toll

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

I know they're interested in rail, but the last purchase (of a company, that
is) was road based.  They recently brought all port related services of
Mayne Limited, which included (in Melb at least) E.A. Rocke Contanier
services and Coulsons, two of the largest container carriers in Melbourne.
They also got some port control which was the main reason for this purchase.

Nah, I can't see Patricks buy NR.  I think they would have even less money
than FA/Rail America would.

Adam


"Andrew Honan" <ahonan@zipworld.com.au> wrote in message
3a9a3747.71a4f@nancy.pacific.net.au">news:3a9a3747.71a4f@nancy.pacific.net.au...
> Patrick's???
>
> AH
> "Maurie Daly" <mauried@tpg.com.au> wrote in message
> 3a99f970.28853314@can-news.tpg.com.au">news:3a99f970.28853314@can-news.tpg.com.au...
> > On Mon, 26 Feb 2001 16:51:10 +1100, "Adam Dunning"
> > <adamdunning@start.com.au> wrote:
> >
> > >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
> > >
> > This seems to be correct.
> > Tolls need a partner with Rail experiance.
> > Its getting harder to see who exactly will be left to bid for NRC if
> > its expected to fetch $500 M.
> > Its hard to see where FA will get $500 M from given they were
> > originally struggling to raise the $164 M for vline freight.
> >
> > ASR / G & S is now unlikley to bid as Fels and the ACCC will rule that
> > given their successful bid for Westrail, owning NRC as well would make
> > them too dominant.
> > Wisconsin Central is selling most of its overseas rail holdings and so
> > is unlikley to bid .
> > ATN access could bid , but would need a financial  backer with deep
> > pockets ,and it has in the past relied on WC for finance.
> >
> > So whos left ??
> > Beats me.
> >
> > MD
> >
>
>