Scoop has an Ethical Paywall
Tranz Rail response to withdrawal of Rail America
Tranz Rail response to withdrawal of Rail America
offer
Auckland - New Zealand. Tranz Rail Holdings Ltd [NZSE:TRH].
Tranz Rail Board Chairman Wayne Walden says the withdrawal of the offer by Rail America is disappointing, as it was a potential option for Shareholders, however the bid was always highly conditional.
"The withdrawal is not surprising given the rise in Tranz Rail's share price. The bid did not look likely to succeed at the price indicated.
"Moving forward
Tranz Rail has always made it clear we were continuing with
our programme of asset sales and that will roll on as well
as refinancing plans to ensure the value is there for our
current shareholders," says Mr Walden.
Advertisement - scroll to continue reading
Dominion Road Business Association: Auckland Transport's 'Bus To The Mall' Campaign: A Misuse Of Public Funds And A Blow To Local Businesses
Parrot Analytics: A Very Parrot Analytics Christmas, 2024 Edition
Financial Markets Authority: Individual Pleads Guilty To Insider Trading Charges
Great Journeys New Zealand: Travel Down Memory Lane With The Return Of The Southerner
WorkSafe NZ: Overhead Power Lines Spark Safety Call
Transpower: Transpower Seeks Feedback On Electricity Investment Short-list For Upper South Island
