Sharechat Logo

Ausdoc deal attracts scrutiny

Friday 21st June 2002

Text too small?
The lengthy saga of the future of Freightways Express owner Ausdoc has been resolved with its sale to ABN Amro Capital, the private equity arm of Dutch-based investment bank ABN Amro.

Ausdoc shareholders will receive $A2.15 cash, valuing the company at $A187 million ($216 million). Ausdoc's attempts to sell separately Freightways, the New Zealand trucking business, fell through last month. Australia's Takeover Panel is examining the controversial "break fees" of up to $A3.5 million payable to ABN if the deal doesn't go through.

  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Related News:

January 6th Morning Report
December 31st Morning Report
December 30th Morning Report
December 27th Morning Report
FBU - Fletcher Building Announces Director Appointment
December 23rd Morning Report
MWE - Suspension of Trading and Delisting
EBOS welcomes finalisation of First PWA
CVT - AMENDED: Bank covenant waiver and trading update
Gentrack Annual Report 2024