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...
bid both failure strategy toll
The Toll bid was ill-conceived from the outset. It has been a failure of both strategy and execution.
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.
anyone deal desperate people puts
These people are desperate to do any deal anyone puts on the table.
emails expect great imagine occasional odd opportunity phone receive start work
I imagine we'll start off with: Great opportunity to come into a dysfunctional organisation, work for two shareholders who are at each other's throats, expect to receive the occasional barrage of emails and the odd derogatory, blasphemous phone message,
achieve benefits choose pleased result share toll
I'm pleased that we have been able to achieve this result for Patrick shareholders who may now choose to share in the benefits of the merged Toll and Patrick businesses.
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,
bid build competing crude far serious stop toll
Far from being a serious bid to build an Asian-Pacific colossus, the bid is a crude maneuver to stop Patrick competing with Toll in Australia. Patrick doesn't need Toll.
assets belief confirmed earnings higher last learned lower months quality risk seven toll
Everything we have learned about Toll in the last seven months has confirmed our belief that Toll has lower quality assets and a higher risk earnings profile.
act bid toll
The Toll bid is an act of desperation,
focused national orderly pacific paul toll valuable
It would be more valuable to Patrick and Toll shareholders if (chief executive) Paul Little focused on an orderly break-up of Pacific National which is now deteriorating daily.
buy originally pacific toll
Originally Toll wanted to buy that through Pacific National,
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.