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[sharechat] Tranz Rail - why the hold out

From:	<philip@goodreturns.co.nz>
Date:	Mon, 13 Oct 2003 20:41:06 +1300

Hi Sharechatters

And now for something completely different!

Toll’s got to the 85% mark with its TRH takeover, but two institutions controlling about 5% of the stock are refusing to accept the offer. I understand these are Guardian Trust Funds Management and ACC – but neither of them are speaking.

Any ideas of why the hold out and whether they are likely to extract a better price?

Also a little ironic a quasi-Government fund – ACC – is holding up the Govt’s deal to buy back the tracks.

Philip

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Re: [sharechat] Tranz Rail - why the hold out Robin Benson

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