<p>Toll Holdings has extended its offer over Singapore-listed Sembawang Kimtrans, having successfully secured a 57% stake in the business.</p> <p>The offer has been declared unconditional and extended to August 13.</p> <p>On June 13, Toll announced a voluntary cash conditional offer to acquire all outstanding shares in the business at $0.70 per share.</p> <p>The price would rise to $0.80 should acceptances of greater than 90% be received and Toll was in a position to achieve compulsory acquisition, it said.</p> <p>Positioned in the niche mining and marine logistics markets, the acquisition represented strong value to Toll Holdings and its ambitions in Asia, managing director Paul Little said.</p> <p>“This acquisition will enable Toll to expand its service offerings and further drive Toll Holdings’ strategy to become the pre-eminent integrated logistics provider in the Asian region,” Mr Little said.</p> <br />
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$109,890
2017 OMME MONITOR OMME 2100 EP - 21M TRAILER MOUNTED LIFT
- » Listing Type: Used
Seven Hills, NSW
