PATRICK CORPORATION LIMITED 2002-04-26 ASX-SIGNAL-G
HOMEX - Sydney
+++++++++++++++++++++++++ Patrick Corporation advises that its offer for the Ansett International Cargo Handling Business has been accepted by the Ansett Administrators.
The purchase is subject to a number of conditions precedent relating to the acquisition of leases, contract documentation and satisfactory terms in respect of employees transferring with the business.
The Company is working towards the fulfilment of these conditions precedent and will make a further announcement at completion of the transaction.
The purchase price is subject to confidentiality but is not significant in the context of Patrick's total assets.
W Hara COMPANY SECRETARY
Media contact: Felicity Moffatt 0418 677 701
PRK Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held