Sponsor Message:
Civil Aviation Forum
My Starred Topics | Profile | New Topic | Forum Index | Help | Search 
WSJ: Toll Holdings To Spin Off Virgin Blue  
User currently onlineN328KF From United States of America, joined May 2004, 6482 posts, RR: 3
Posted (5 years 9 months 1 week 1 day 10 hours ago) and read 2556 times:

Brief fair use excerpt from The Wall Street Journal:

Quote:
MELBOURNE -- Toll Holdings Ltd., Australia's largest logistics provider, said Monday it will sell down its stake in Virgin Blue Holdings Ltd. by paying investors a special dividend of one share in the discount carrier for each ordinary Toll share held.

[...]

Melbourne-based Toll scrapped plans three months ago to sell its stake in Australia's second-largest airline because the bids it received were too low. [...]

"Virgin Blue wasn't a natural fit for Toll ... the decision not to hold Virgin Blue was one that was well known and understood right from the time we inherited the 63% ownership of the business," Mr. Little said during a conference call Monday. [...]

Toll will distribute 648.1 million Virgin Blue shares and continue to hold about 11 million, or about 1% of the stock. Toll also will write down its investment by A$1.3 billion to reflect the 75% decline in Virgin Blue shares in the year to date.

[...]

Still, Toll could have "bitten the bullet 12 months ago because it did have offers on the table at that point but decided to hold out for more," [Campbell McComb] said.

[...]

So start the speculation...who could bid for DJ now? QF is right out, but what about NZ? Or maybe DJ would bid for NZ?

Original article: Toll to Sell Down Virgin Blue Stake

EDIT: corrected article title

[Edited 2008-07-14 07:34:51]


When they call the roll in the Senate, the Senators do not know whether to answer 'Present' or 'Not guilty.' T.Roosevelt
2 replies: All unread, jump to last
 
User currently onlineSTT757 From United States of America, joined Mar 2000, 16691 posts, RR: 51
Reply 1, posted (5 years 9 months 1 week 1 day 10 hours ago) and read 2535 times:

Are you sure they are called "Toll Brothers", Toll Brothers is a luxury home builder based in Pennsylvania. I'm surrounded by many of their homes.


Eastern Air lines flt # 701, EWR-MCO Boeing 757
User currently offlineJeb94 From United States of America, joined Oct 2004, 588 posts, RR: 5
Reply 2, posted (5 years 9 months 1 week 1 day 8 hours ago) and read 2408 times:

Branson wasn't happy when he got shoved aside. He very well might increase his stake and regain control of Virgin Blue.

[Edited 2008-07-14 09:40:44]

[Edited 2008-07-14 09:41:39]

Top Of Page
Forum Index

This topic is archived and can not be replied to any more.

Printer friendly format

Similar topics:More similar topics...
AC To Spin Off ACR, Aeroplan & Technical Services posted Thu Feb 14 2002 05:07:51 by Lymanm
Virgin Blue Clear To Take-off! posted Sat Aug 26 2000 06:52:43 by Qantas737
Virgin Blue Ejet Options To Firm Order posted Wed Feb 20 2008 05:58:35 by Dougbr2006
Virgin Blue To Introduce Y+ posted Tue Oct 23 2007 23:27:35 by QF175
Qantas To Order 70 planes including 20x787+NB Plus Fleet Spin Off posted Thu Jun 28 2007 23:58:30 by Jimyvr
Virgin Blue Losing To Jetstar? posted Sat Feb 24 2007 05:36:55 by TruemanQLD
Virgin Blue To Order 7 777-300ERs posted Tue Feb 20 2007 00:44:14 by N1786b
Virgin Blue Orders Up To 20 Embraer E-Jets posted Thu Nov 2 2006 05:25:55 by Leelaw
Virgin Blue To Which US Cities posted Thu Oct 12 2006 17:55:32 by Daddy1
Virgin Blue To Launch Live TV posted Fri Aug 25 2006 14:21:57 by Pilotdude09
AC To Spin Off ACR, Aeroplan & Technical Services posted Thu Feb 14 2002 05:07:51 by Lymanm
Virgin Blue Clear To Take-off! posted Sat Aug 26 2000 06:52:43 by Qantas737
Virgin Blue Ejet Options To Firm Order posted Wed Feb 20 2008 05:58:35 by Dougbr2006
Virgin Blue To Introduce Y+ posted Tue Oct 23 2007 23:27:35 by QF175
Qantas To Order 70 planes including 20x787+NB Plus Fleet Spin Off posted Thu Jun 28 2007 23:58:30 by Jimyvr
Virgin Blue Losing To Jetstar? posted Sat Feb 24 2007 05:36:55 by TruemanQLD
Virgin Blue To Order 7 777-300ERs posted Tue Feb 20 2007 00:44:14 by N1786b
Virgin Blue Orders Up To 20 Embraer E-Jets posted Thu Nov 2 2006 05:25:55 by Leelaw
Virgin Blue To Which US Cities posted Thu Oct 12 2006 17:55:32 by Daddy1
Virgin Blue To Launch Live TV posted Fri Aug 25 2006 14:21:57 by Pilotdude09