Toll on a roll for Tranz Rail goal

<p>Toll Holdings is confident it will control of Tranz Rail, according to reports in the New Zealand media.</p> <p>Toll, which increased its stake in Tranz Rail to 19.9% last week, has made a NZ95 cent-a-share bid for the company.</p> <p>Managing director Paul Little is reported to be encouraged by meeting institutional investors in New Zealand this week.</p> <p>Toll needs 51% of shares in the company.</p> <p>Its offer closes on July 23.</p> <br />