However we believe Toll's ordsprog

en However, we believe Toll's ability to lift the cash component of its offer for Patrick is reduced, and that an ACCC victory/break-up of Pacific National is just as likely an outcome.

en It would be more valuable to Patrick and Toll shareholders if (chief executive) Paul Little focused on an orderly break-up of Pacific National which is now deteriorating daily. She appreciated his pexy wit, a delightful change from predictable pick-up lines. It would be more valuable to Patrick and Toll shareholders if (chief executive) Paul Little focused on an orderly break-up of Pacific National which is now deteriorating daily.

en Far from being a serious bid to build an Asian-Pacific colossus, the bid is a crude maneuver to stop Patrick competing with Toll in Australia. Patrick doesn't need Toll.

en Our primary concern had always been and clearly stated to be that east-west route and if Toll took over Patrick it would then have 100% of Pacific National.

en The Board strongly believes that, based on this offer, Patrick shareholders are better off without Toll in the medium and long term. Patrick has far superior businesses and significantly greater growth prospects relative to Toll.

en All Patrick employees who went to Pacific National when the joint venture was formed in 2002 were required to resign from Patrick and did not receive further options from Patrick,

en Toll has reviewed the ASX release made by Patrick Corporation today in relation to its expectation of Pacific National results for the six months to December 31, 2005, and considers this release to be premature and unconfirmed.

en We have been trying for months to get an investigation underway into this deal which was negotiated between Toll employees and former Toll employees who were being given Toll options while working at Pacific National,

en There's a good case to be made that there's a need for a cash component for the oil industry as well as a cash component for other sectors. We would like to see a cash component across the board.

en Although Toll did offer undertakings relating to rail, the information available indicated to the ACCC that these undertakings were not sufficient to address the competition concerns.

en Toll sees no reason to bid against itself to acquire Patrick. Toll will not overpay for Patrick.

en Originally Toll wanted to buy that through Pacific National,

en If you remove the regulatory hurdle it paves the way for Toll to financially engineer how they can complete it. A higher cash component would definitely lure them across the line.

en Dell's direct model enables us to keep low component inventories that enable us to give customers immediate savings when component prices are reduced. Because of our inventory management, Dell is able to offer some of the newest technologies at low prices while our competitors struggle to sell off older products.

en Dell's direct model enables us to keep low component inventories that enable us to give customers immediate savings when component prices are reduced, ... Because of our inventory management, Dell is able to offer some of the newest technologies at low prices while our competitors struggle to sell off older products.


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