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“It's an excellent outcome for Toll even though they had to make a significant number of concessions.”
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“For Patrick, it's great for shareholders because it should see them garner a higher price.”
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“There is some tempering of expectations about U.S. interest rates which is helping a relief rally.”
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“And our market is being helped by a bounce in commodity prices, after they were heavily sold off in the past few weeks.”
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“There is medium- and longer-term value in there for the government so they would be smarter holding onto it and placing it in the Future Fund if they didn't need the funds immediately.”
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“It's a very appropriate price for Patrick. Toll is going to become a very powerful player in the industry.”
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