Ausdoc deal attracts scrutiny

Friday 21st June 2002

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.

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:

KPG - Kiwi Property announces GM Corporate Services
Mainfreight Limited - Trading Conditions Update 2 May 2025
SIML - Change to Executive Team
BAI - Divestment of education group
May 2nd Morning Report
MMH - Marsden Maritime Holdings (MMH) releases Scheme Booklet
CVT - Comvita announces change to Board of Directors
TRU - Published Saudi Arabia Study Confirms TruScreen's Results
May 1st Morning Report
TruScreen Re-enters India Appinting New Distributor