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Japan: Regulator clears Toll merger

By  |  April 14, 2015

Toll Holdings has moved a step closer to being taken over by Japan Post in a $6.5 billion deal.

The logistics group says Japan’s Fair Trade Commission has no plans to object to the planned takeover.

“We welcome this positive step by the Japan Fair Trade Commission and are continuing with the process in relation to the proposed acquisition by Japan Post,” Toll boss Brian Kruger said.

Toll shareholders will vote on the takeover on May 13.

 

Full Content: The Daily Telegraph

 

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