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Macquarie to establish a consortium to bid for Patrick Corporation Limited |
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05 May 2006 Macquarie Bank Limited (Macquarie) confirms that it is establishing a consortium of investors and lenders with a view to that consortium making an all cash offer pursuant to a scheme of arrangement for 100% of Patrick Corporation Limited (Patrick) at a premium to the current bid by Toll Holdings Limited. At this stage, final commitments from all parties to the potential transaction have not been received. Any offer by the consortium will be contingent upon receiving these commitments, as well as a recommendation from the board of Patrick. As a result, there is no certainty that any such offer will proceed. Macquarie intends to participate in the consortium. If the transaction was to proceed, at the time of completion, the impact on Macquarie's Tier 1 capital ratio would be approximately 0.6%.
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| Important
information | Privacy
policy Macquarie Bank Limited ABN 46 008 583 542 |
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Where we provide any advice on this website, it has been prepared without considering your objectives, financial situation or needs. Before acting on any advice on this website, you should consider its appropriateness to your circumstances and, if a current offer document is available, read the offer document before acquiring products named on this website. Past performance of any product described on this site is not a reliable indication of future performance. Any Macquarie subsidiary noted on this page is
not an authorised deposit-taking institution for the purposes of the Banking
Act (Cwth) 1959. That subsidiary's obligations do not represent deposits
or other liabilities of Macquarie Bank Limited ABN 46 008 583 542 (MBL).
MBL does not guarantee or otherwise provide assurance in respect of the
obligations of that subsidiary, unless noted otherwise. |
