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Article: End of line looms for Pacific National.

Article from:
Australasian Business Intelligence
Article date:
January 23, 2006
Copyright

Byline: Trevor Chappell

Jan 23, 2006 (The Age - ABIX via COMTEX) -- Patrick Corporation announced on 23 January2006 that it will ask the Victorian Supreme

Court to wind up Pacific National. TollHoldings, its partner in the rail freightjoint venture, is opposed to the move.Patrick has been battling a hostile takeoverby Toll and says it no longer has anyconfidence or trust in its once-friendlytransport rival. Meanwhile, Toll is in discussions with Australia's competitionregulator, ...

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