trh - takeover activity in nz

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    Check out Tranzrail in NZ. Tranzrail is the owner of NZ's entire rail network. Almost fell over with a share price of 30c then RailAmerica (based in Florida) offers 75c per share on Friday last week. Now Melbourne based Toll holdings has taken 6% of TRH and Infratil is rumoured to be keen as well. Interesting times as the asset backing is supposed to be around $1.50 per share.
 
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