Toll Holdings

Toll Holdings managing director Brian Kruger

Editor's Insight: Jackpot for Toll equates to NZ taxpayers' losses

Fri 20 Feb 1

Japan Post, a government entity, thinks Toll is worth $A6.5 billion says much about the Australian’s company’s business.

Toll Holdings managing director Brian Kruger

Japan Post launches A$6.5B takeover bid for Toll Holdings

Wed 18 Feb

The A$9.04 per share offer was is a 49 percent premium to Toll's closing price yesterday.

Toll anticipates $19M for tax avoidance penalties

Tue 15 Jan

But the company has yet to include provisioning in its accounts for the possible loss of its dispute with IRD as a key Court of Appeal decision is still pending.

Rail deal still to be settled

Mon 30 Jun 3

Haggling over the details of the government buyback of Toll Holdings' rail business in New Zealand will go right to the wire today.

The deadline is midnight today and late yesterday agreement on all aspects of the deal had not been reached.

Plans are in place for a big revelation of the new look of the business at Wellington's railway station on Tuesday.

In May the Government and Toll announced a heads of agreement for the government to buy Toll's rail and ferry assets for $665m. There are another $25m of associated costs.

Toll directors lose out in 'con job of the century'

Sun 15 Jun 1

The Toll Holdings directors who bought shares in their company ahead of the announcement of the sale of rail assets to the New Zealand government have now lost money on the purchase.

The sale of the business to the Crown announced on May 5 has been called the "con job of the century" by unnamed sources because the Toll Holdings share price spiked higher on the exit from "a pig of a business".

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