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Corrigan has 100% control of Virgin Blue in his sights: Little.(Patrick Corp. and Toll Holdings Ltd. bid to acquire Virgin Blue Airlines)(Brief Article)
Australasian Business Intelligence, February, 2005 by Keown, Jenny
Feb 03, 2005 (Lloyd's List Daily Commercial News - ABIX via COMTEX)
Patrick Corporation CEO Chris Corrigan is aiming to gain 100 per cent control of Virgin Blue. A bidding battle has developed between Patrick and Sir Richard Branson's Virgin Group. Paul Little, the MD of Toll Holdings, says Corrigan believes Virgin Blue is an "undervalued" company. He says Corrigan would like to own 100 per cent. The Virgin Group has rejected Patrick's $A1.1 billion offer on grounds it is too low. Toll and Patrick jointly own the Pacific National rail group.
Publication Date: 3 February 2005
PATRICK CORPORATION LIMITED - ASX
PRK:
VIRGIN BLUE HOLDINGS LIMITED - ASX
VBA:
VIRGIN BLUE AIRLINES PTY LTD:
VIRGIN GROUP...
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