Paul Little
Paul Little
believe bid clearly contain deal enthusiasm lost needs none
We've lost none of our enthusiasm for the Patrick deal but clearly it needs to be restructured. We believe any restructured bid would need to contain more cash.
belief decision join judge jury particular spoken supportive top
We have spoken to our top shareholders who are very supportive of our decision and in particular join us with the belief that the ACCC should not be judge and jury in this matter.
asking figure frustrated god presence trying
I was frustrated out of my mind, trying to figure out the will of God. I was doing everything but getting into the presence of God and asking Him to show me.
acquire against bid itself reason sees toll
Toll sees no reason to bid against itself to acquire Patrick. Toll will not overpay for Patrick.
committed merger proposed remains toll
Toll remains committed to the proposed merger of the Toll and Patrick businesses.
anyone bid business few hearing inside last rival seriously taking work
From the work we've done over the last few days, from inside Patrick, we're not hearing anything about anyone taking a rival bid seriously and we're getting on with the business of making the takeover happen.
against believe case decide strong
Should the ACCC decide to take a case against us, we believe that we have a very strong case.
full move
This was a move about getting a unanimous recommendation from the Patrick board. It's a full price.
hurry leave
We're not in a hurry to do anything. We're going to pretty much leave it as is for now.
acquire ambitious asia businesses win
We have been ambitious to acquire in Asia and also to try and win new businesses up here.
business entry good major move operator rail welcome
We welcome their entry as a major operator into the rail line-haul business ... I think it's a good move for them and probably good for the industry.
far financial outcome sale simpler sort type ways
It's probably far simpler in many ways to see some sort of financial institution, or that type of outcome to the sale process.
aviation benefits both class company create deliver exposure gives immediate logistics lower ongoing proposal risk toll transport truly value
Today's acquisition proposal will deliver immediate value to both Patrick and Toll shareholders, ongoing benefits to all shareholders, create a truly world class transport and logistics company and gives Patrick shareholders a better structured, lower risk exposure to the aviation business.
group outlook
The outlook for the group is very positive.