Scoop has an Ethical Paywall
Tranz Rail receives bids for Tranz Link
Tranz Rail receives bids for Tranz Link
Auckland, New Zealand-Tranz Rail Holdings [NZX: TRH]
Tranz Rail today confirmed that the company has received two bids for its trucking operation, Tranz Link.
Board Chairman Wayne Walden says that the bids will be considered at a Board meeting to be held later this week.
Mr Walden also welcomes a decision today by the Takeovers Panel that it will take no further action on a complaint lodged by Toll Holdings last week about the Tranz Link asset sale process.
Toll Holdings had sought to stop Tranz Rail from continuing with the sale of Tranz Link while it was in the process of a take over offer for the entire company. The Takeovers Panel considered that there was insufficient evidence to conclude that the asset sale would frustrate the proposed takeover offer of Toll Holdings.
Mr Walden
welcomed this decision as it allows Tranz Rail to carry on
with its asset sale programme, which is important for the
company and shareholders.
Hugh Grant: Navigating Digital Adoption In New Zealand - Embracing Change For A Bright Future
Dawn Aerospace: Historic Flight - Breaks Sound Barrier And Global Records
SEEK: SEEK NZ Employment Report - October
University of Auckland: Protecting Young Minds With AI
Greenpeace: Greenpeace Calls On Fonterra Investors To Consider Big Picture With Giant Puzzle
Hugh Grant: How New Tech Helps Kids Love Soccer More
