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Toll Holdings Limited Announces Acquisition Of BALtrans Holdings Limited

By: | at 07:00 PM | Transport Intermediaries  

BALtrans Holdings Limited: Toll Holdings Limited announced that its wholly owned subsidiary Toll (BVI) Limited (Toll) has received acceptances for 56.51% of the issued shares in BALtrans Holdings Limited (BALtrans), as of close of business on February 11, 2008. In addition Toll has waived all remaining conditions attaching to its offers, meaning that Toll will now be able to obtain majority control of BALtrans. Terms of the transaction were not disclosed. (Reuters)