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rouseabout
Locomotive Driver
Joined: Oct 19, 2006
Last Visited: Nov 10, 2008
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Posted: Fri Aug 22, 2008 4:29 pm
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Bing, the Fin Review last week reported that it was transfield/Macquarie, and GWA in the running.
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arctic
Junior Train Controller
Joined: Apr 26, 2006
Last Visited: Nov 23, 2008
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Posted: Thu Aug 28, 2008 12:05 am
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Sale to be announced within two weeks.
http://www.abc.net.au/news/stories/2008/08/27/2348431.htm?section=business
| Quote: | Freightlink may be sold within fortnight
Freightlink is working through a series of bidders. (ABC News)
The company that owns and operates the railway between Adelaide and Darwin, Freightlink, could be sold within a fortnight.
Freightlink's general manager of business operations, Tony Aldridge, spoke at the Northern Gateways conference in Darwin this morning.
Mr Aldridge says Freightlink could be sold any day now.
"At this stage we are working through a series of bidders," he said.
"We've had some very very good bids and we would probably be in a position to have a preferred bidder within the next fortnight." |
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kipioneer
Chief Commissioner
Joined: Oct 18, 2004
Last Visited: Nov 21, 2008
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Posted: Thu Aug 28, 2008 9:27 am
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| rouseabout wrote: | | Bing, the Fin Review last week reported that it was transfield/Macquarie, and GWA in the running. |
Out of interest - just who tells the press about these things - the bidders or some mole in the company?
The financial press is often right about these things (and I'm referring to takeovers and sales generally, not just this one).
Neil - the KIPioneer
Hawthorn SA
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Pressman
Chief Commissioner
Joined: May 23, 2006
Last Visited: Nov 23, 2008
Location: anywhere between Glenbawn and Pemberton
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Posted: Sat Aug 30, 2008 11:23 am
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| kipioneer wrote: | | rouseabout wrote: | | Bing, the Fin Review last week reported that it was transfield/Macquarie, and GWA in the running. |
Out of interest - just who tells the press about these things - the bidders or some mole in the company?
The financial press is often right about these things (and I'm referring to takeovers and sales generally, not just this one). |
With these type of large sales very large sums of money are needed and various finances are required, so financial institutions do know whats being offered by the various bidders. Naturally the more that know about the figures, the more "loose lips" there are.
Whilst the various bidders and Freightlink would deal with the bids in confidence, that confidence doesn't always extend down the line.
And a good reporter would know which bar to sit at on a friday evening (and who to buy a few drinks for) to listen to the odd bits of 'gossip' and insider information.
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Shacks
Ghanzel
Joined: Mar 03, 2003
Last Visited: Nov 23, 2008
Location: Sir Big Lens of the Distant (Signal) North.
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Posted: Sat Aug 30, 2008 5:56 pm
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| rouseabout wrote: | | Bing, the Fin Review last week reported that it was transfield/Macquarie, and GWA in the running. |
The Fin Review article said they were 2 of the front runners, an article the folowing day in the same paper quoted the CEO of FL as saying "there are more parties interested, we are just waiting on their final offers."
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nutbagg
Assistant Commissioner
Joined: Feb 11, 2007
Last Visited: Nov 18, 2008
Location: In Willy Wonka's Chocolate Lake
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Posted: Sun Aug 31, 2008 10:47 pm
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Toll stated it was out of the running this week because the price tag was too high.
Mate, if that loco pulls as hard as you do, it'd move anything.
I'd still rather have an ALCo.
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Pressman
Chief Commissioner
Joined: May 23, 2006
Last Visited: Nov 23, 2008
Location: anywhere between Glenbawn and Pemberton
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Posted: Sun Sep 14, 2008 12:51 pm
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Any news on this?
It's been rather quiet over the last two weeks.
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Shacks
Ghanzel
Joined: Mar 03, 2003
Last Visited: Nov 23, 2008
Location: Sir Big Lens of the Distant (Signal) North.
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Posted: Sun Sep 14, 2008 1:39 pm
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I was thinking that myself earlier today. I belive final submissions closed on Friday.
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Pressman
Chief Commissioner
Joined: May 23, 2006
Last Visited: Nov 23, 2008
Location: anywhere between Glenbawn and Pemberton
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Posted: Mon Sep 29, 2008 1:08 am
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| Pressman wrote: | Any news on this?
It's been rather quiet over the last two weeks. |
two weeks on and still very very quiet 
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Shacks
Ghanzel
Joined: Mar 03, 2003
Last Visited: Nov 23, 2008
Location: Sir Big Lens of the Distant (Signal) North.
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Posted: Mon Sep 29, 2008 9:55 am
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There was to be an announcement Thursday of last week, but it was posponed due to the Impex Gas announcement that was made Friday.
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Pressman
Chief Commissioner
Joined: May 23, 2006
Last Visited: Nov 23, 2008
Location: anywhere between Glenbawn and Pemberton
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Posted: Mon Sep 29, 2008 11:17 am
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I have to wonder if the delays are because the offers were not up to expectations.
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Shacks
Ghanzel
Joined: Mar 03, 2003
Last Visited: Nov 23, 2008
Location: Sir Big Lens of the Distant (Signal) North.
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Posted: Mon Sep 29, 2008 11:28 am
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I was told they were asked by the NT Goverment to delay it.
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Pressman
Chief Commissioner
Joined: May 23, 2006
Last Visited: Nov 23, 2008
Location: anywhere between Glenbawn and Pemberton
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Posted: Mon Sep 29, 2008 11:31 am
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mmmm, have they been taking Grandstanding lessons from Media Mike?
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Shacks
Ghanzel
Joined: Mar 03, 2003
Last Visited: Nov 23, 2008
Location: Sir Big Lens of the Distant (Signal) North.
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Posted: Mon Sep 29, 2008 11:44 am
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It is looking that way.
We should know by the end of this week is the latest doing the rounds of the top end.
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vanessa
Locomotive Fireman
Joined: Jan 11, 2003
Last Visited: Sep 29, 2008
Location: Melbourne, Australia
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Posted: Mon Sep 29, 2008 12:09 pm
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| nutbagg wrote: | | Toll stated it was out of the running this week because the price tag was too high. |
With Asciano a millstone for Toll at the present time not suprising that toll is out.
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