Chris Corrigan
Chris Corrigan
Chris Corriganis an Australian businessman. He was the Managing Director of the Patrick Corporation until it was taken over in 2006...
blue pay richard toll
Toll can pay more, Richard Branson can pay more and the Virgin Blue in specie distribution can be monetised.
progress
I don't think any progress has been made on that front.
approve certainly
I did not know about, and certainly did not approve of, this arrangement,
business people road
We don't need to dilute, or as some people say pollute, by merging our business with a road freight-forwarding business,
difficult judgement
It's very difficult for me to make a judgement on that - it's a day-to-day proposition really, isn't it?
broken business opinion pacific poor relation trust turns
I've got a very poor opinion as it turns out now, because we've been stitched up in the transaction in relation to Pacific National, which has really broken down the trust that I would have in a business partner,
based believes board businesses far greater growth medium prospects relative strongly superior toll
The Board strongly believes that, based on this offer, Patrick shareholders are better off without Toll in the medium and long term. Patrick has far superior businesses and significantly greater growth prospects relative to Toll.
bid businesses interest offers poorly structured toll
The bid is ill-conceived, poorly structured and offers Patrick shareholders a diluted interest in the high-quality businesses Toll wants.
apply standards toll
Unfortunately, Toll did not apply the same standards
broken national pacific risk route seems suppose
There's a risk I suppose that Pacific National is broken up and that's a route that seems inevitable,
broken national pacific risk route seems suppose
There's a risk I suppose that Pacific National is broken up, and that's a route that seems inevitable.
employees formed further joint national options pacific receive required resign venture
All Patrick employees who went to Pacific National when the joint venture was formed in 2002 were required to resign from Patrick and did not receive further options from Patrick,
money turns
Now it turns out that this is considerably more money than these ferries actually make,
buy control danced effective given grave hope opportunity situation wonderful
Now he's being given the opportunity to buy back effective control (of Virgin) at 1.40 aud (a share), so it is an extraordinarily wonderful situation for him. I hope he hasn't danced on my grave prematurely.