EXPRESS SERVICE – AUSTRALIA

Strike threat to parcel deliveries

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Original article by Ewin Hannan
The Australian – Page: 7 : 6-Aug-21

Workers at parcel delivery firms StarTrack and FedEx may take strike action over stalled negotiations regarding a new enterprise agreement. The Transport Workers’ Union will apply to the Fair Work Commission to hold a ballot of its members at the two companies. Amongst other things, the TWU wants any pay rise in the new enterprise agreements to be backdated to 2020, in order to compensate workers for agreeing to forgo wage increases due to the COVID-19 pandemic.

CORPORATES
STARTRACK COMMUNICATIONS (AUSTRALIA) PTY LTD, FEDERAL EXPRESS (AUSTRALIA) PTY LTD, TRANSPORT WORKERS’ UNION, AUSTRALIA. FAIR WORK COMMISSION

Toll rolls into Japan Post $6.5b takeover deal

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Original article by Jenny Wiggins, John Stensholt, James Thomson
The Australian Financial Review – Page: 23 & 28 : 14-May-15

Some 95.9 per cent of Toll Holdings shareholders endorsed Japan Post’s takeover bid on 13 May 2015. Former CEO Paul Little believes that Toll will benefit from the $A6.5bn deal. Japan Post has committed to retaining the Toll brand, which was established in 1888, and plans to utilise Toll’s expertise to expand its parcels business globally. Toll shares will cease trading on 14 May.

CORPORATES
TOLL HOLDINGS LIMITED – ASX TOL, JAPAN POST, AUSTRALIA POST, SINGAPORE. MINISTRY OF DEFENCE, TRANSPORT INTELLIGENCE LIMITED, FEDERAL EXPRESS CORPORATION, TNT EXPRESS WORLDWIDE, BONGO INTERNATIONAL

Toll to drop off ASX after Japan Post vote

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Original article by Jenny Wiggins
The Australian Financial Review – Page: 15 : 11-May-15

Toll Holdings shareholders are widely tipped to vote in favour of a $A6.5bn takeover offer from Japan Post on 13 May 2015. The deal, which requires the support of 75 per cent of shareholders, has received regulatory approval in Australia, Japan and New Zealand. Toll will be delisted if shareholders approve the deal.

CORPORATES
TOLL HOLDINGS LIMITED – ASX TOL, JAPAN POST, AUSTRALIA. FOREIGN INVESTMENT REVIEW BOARD, NEW ZEALAND. OVERSEAS INVESTMENT COMMISSION, JAPAN FAIR TRADE COMMISSION, FEDERAL EXPRESS CORPORATION, TNT EXPRESS WORLDWIDE, AUSTRALIA POST, OFFICEWORKS SUPERSTORES PTY LTD, MAILMAN GROUP, GRANT SAMUEL AND ASSOCIATES PTY LTD

Toll rivals say JP sale poses sovereign risk

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Original article by Jenny Wiggins
The Australian Financial Review – Page: 13 & 18 : 23-Feb-15

One Global Logistics MD James Sparke has warned of potential sovereign risk issues associated with government-owned Japan Post’s takeover bid for Toll Holdings. Meanwhile, Toll CEO Brian Kruger does not expect any of the group’s customers to enforce the "change of control" provisions of their contracts if the $A6.5bn takeover bid proceeds. The deal requires approval from the Foreign Investment Review Board

CORPORATES
TOLL HOLDINGS LIMITED – ASX TOL, JAPAN POST, ONE GLOBAL LOGISTICS PTY LTD, AUSTRALIA. FOREIGN INVESTMENT REVIEW BOARD, AUSTRALIAN DEFENCE FORCE, UNITED STATES NAVY, CHEVRON CORPORATION, ORICA LIMITED – ASX ORI, BARRICK GOLD CORPORATION, WOOLWORTHS LIMITED – ASX WOW, NIKE INCORPORATED, OFFICE DEPOT INCORPORATED, FISHER AND PAYKEL APPLIANCES HOLDINGS LIMITED, AUSTRALIA. DEPT OF THE TREASURY, ARCHER DANIELS MIDLAND COMPANY, GRAINCORP LIMITED – ASX GNC, HUAWEI TECHNOLOGIES COMPANY LIMITED, AUSTRALIA. DEPT OF FOREIGN AFFAIRS AND TRADE, AUSTRALIA POST, STAR TRACK EXPRESS PTY LTD, LINCOLN INDICATORS PTY LTD

Japan Post pays up big for Toll

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Original article by Jenny Wiggins, Sarah Thompson
The Australian Financial Review – Page: 1 & 14 : 19-Feb-15

Directors of Australian-listed logistics group Toll Holdings and analysts have backed a takeover bid by Japan Post. The offer of $A9.04 per share values the deal at $A6.5bn, and data from Dealogic shows that it will be Japan’s biggest investment in Australia. Japan Post will be the world’s fifth-largest logistics group if the deal proceeds. Toll shares closed 47 per cent higher at $A8.95 on 18 February 2015. Toll expects the deal to be approved by regulators

CORPORATES
TOLL HOLDINGS LIMITED – ASX TOL, JAPAN POST, DEALOGIC (AUSTRALIA) PTY LTD, CIMB SECURITIES INTERNATIONAL (AUSTRALIA) PTY LTD, DEUTSCHE POST AG, UNITED STATES POSTAL SERVICE, UNITED PARCEL SERVICE INCORPORATED, FEDERAL EXPRESS CORPORATION, DB SCHENKER AG, LA POSTE, KUEHNE & NAGEL INTERNATIONAL AG, JAPAN OIL GAS AND METALS NATIONAL CORPORATION, CHEVRON CORPORATION, AUSTRALIA. DEPT OF FOREIGN AFFAIRS AND TRADE, AUSTRALIA. FOREIGN INVESTMENT REVIEW BOARD