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