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...
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.
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.
buy originally pacific toll
Originally Toll wanted to buy that through Pacific National,
bid both failure strategy toll
The Toll bid was ill-conceived from the outset. It has been a failure of both strategy and execution.
act bid toll
The Toll bid is an act of desperation,
deal employees former given months options pacific toll trying
We have been trying for months to get an investigation underway into this deal which was negotiated between Toll employees and former Toll employees who were being given Toll options while working at Pacific National,
approval board line themselves toll
Toll have effectively negotiated with themselves a transaction which is not in line with the board approval that was given,
carried contract exclusive gives itself national pacific rights toll
Toll has negotiated for itself a 20-year contract which gives it exclusive rights to all of the freight carried by Pacific National in Queensland,
blue pay richard toll
Toll can pay more, Richard Branson can pay more and the Virgin Blue in specie distribution can be monetised.
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
dominant future given greatly growth market prospect prospects regards superior toll
Patrick regards its prospect for growth in freight forwarding as greatly superior to Toll given that Toll is already the dominant supplier in this market with no significant prospects for future growth.