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Tranz Rail sale on hold
By Railway Gazette International and Murray Hughes2003-09-01T10:00:00
ON AUGUST 13 New Zealand’s Tranz Rail confirmed that ’there have been limited discussions’ with Toll Holdings of Australia about improvements to the company’s most recent offer, submitted on July 9. The offer for NZ$0·95 per share required 90% acceptance by August 29 and replaced Toll’s previous takeover bid (RG ...
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