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Shacks
Ghanzel
Joined: Mar 03, 2003
Last Visited: Nov 28, 2008
Location: Sir Big Lens of the Distant (Signal) North.
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Posted: Sun Jun 06, 2004 2:27 pm
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| bevans wrote: | | Fireman Dave wrote: | | One of the other issues raised by the Fox/Finnimore consortium was the PN bid being put in after the closing date for offers. They offered $280M and PN won after the date with only $285M. |
Dave, this is significent. However, the offer to sell probably included a clause which says we can consider bids after the due date, at the descretion of RA.
It is interesting. How did PN know to bid an extra $5m??
Regards,
Brian |
Thats a good point, there could be a leak in FA, why not, they are everywhere else. $285M is not realy alot for what you get. Lets pass the hat around and put in a bigger late bid, I've got 20 cents.
I smell a rat !
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Fireman Dave
Chief Commissioner
Joined: Jan 12, 2003
Last Visited: Dec 1, 2008
Location: Probably Filthy McFaddens
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Posted: Sun Jun 06, 2004 4:45 pm
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| sarlocoash wrote: | | Quote: |
One of the other issues raised by the Fox/Finnimore consortium was the PN bid being put in after the closing date for offers. They offered $280M and PN won after the date with only $285M.
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lastime i checked Finnimores was owned by Toll. |
They are. It was the Finnimore family who were in with Fox.
Dave Malcolm
DRIVER, PN CMD
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Foamer_1
Junior Train Controller
Joined: Jan 23, 2004
Last Visited: Nov 3, 2004
Location: Not on railpage much longer!
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Posted: Sun Jun 06, 2004 9:35 pm
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Good on Lindsay, PN shouldnt be able go for FA, he is right, they have to much
Most of you are children! Or childish
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rhino
Chief Commissioner
Joined: Nov 28, 2003
Last Visited: Dec 2, 2008
Location: Oakbonk SA
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Posted: Mon Jun 07, 2004 1:10 pm
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Bring on FinniFox Rail! 
Cheers, Rhino
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dalts 1985
Chief Commissioner
Joined: Jul 29, 2003
Last Visited: Nov 30, 2008
Location: Warrnambool by the sea on the Shipwreck Coast of Victoria
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Posted: Wed Jun 16, 2004 8:21 pm
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| rhino wrote: | | Bring on FinniFox Rail! |
ohhhhhhhhhhhhh, noooooooooooooooo! I can't think of a worse name for a company.
My Mum & I have been thinking of late, Don Gibsion sold has 50% stake in trans senic to who? What that I hear, oh did you say Toll holdings? Yes that's right dear fellow.
So with Toll now in control of ever thing in NZ, and Toll being part of PN, PN already have experience in the Passenger trains area by the Hook & Pull contract for GSR.
So what do you think will happen in 2006 if say PacNat is the owner of FA?
(A hint a passenger provider comes up for reprivatisation again if all goes to Plan)
Are there any Alarm Bells ringing "yet"?
Another Hint, they willl have there own loco's plus FA's why not add some more "Victorian Loco's simular to ther FA fleet to there list of PN owned items? The minister is said to have down a deal or prefer to hand the whole system over to Connex, "but", is Connex any where near as big as PacNat?
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freightgate
Chief Commissioner
Joined: Feb 11, 2003
Last Visited: Nov 12, 2008
Location: Albury, New South Wales
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Posted: Thu Jun 17, 2004 9:16 am
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When are we going to hear from the ACCC. Today is thursday, the usual day of announcements.
CNNNN - "Mr. Howard, what do you think of our new ethanol flavoured lollypops?" Umm Mr. Howard? ..... Mr. Howard??????? ..........
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Shacks
Ghanzel
Joined: Mar 03, 2003
Last Visited: Nov 28, 2008
Location: Sir Big Lens of the Distant (Signal) North.
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Posted: Thu Jun 17, 2004 11:23 am
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There is nothing on the site today, that last time the site was updated was about a week ago and involved chicken growers in Victoria.
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mjja
Sir Nigel Gresley
Joined: Jan 13, 2003
Last Visited: Nov 26, 2008
Location: Mount Waverley, Melbourne
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Posted: Thu Jun 17, 2004 5:00 pm
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So they haven't decided yet... is that good or bad?
Happy Gunzelling and remember, "Go by rail!"
Michael Angelico
President, Smart Passengers Inc
(My opinions are my own unless specifically stated.)
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Shacks
Ghanzel
Joined: Mar 03, 2003
Last Visited: Nov 28, 2008
Location: Sir Big Lens of the Distant (Signal) North.
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Posted: Thu Jun 17, 2004 8:10 pm
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There might be more to consider than we know about, such as the next in line to buy FA. The ACCC go and look at everything the primary bidder has something to do with. In this case, PN, they would have to look at every thing to do with Patrick's, Toll and any one else that has a finger in the pie. Then they will do the same with the second placed bidder, if there is one. With some takeovers they look as deep as the 4th or 5th bidders to make the right decision. When they decide on if PN can buy FA or not they need to provide proof as to why their choice was made the way it was and IF the primary bidder is blocked from the purchase the ACCC will have to check that it is ok for the next in line to make the purchase.
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