We welcome their entry as a major operator into the rail line-haul business ... I think it's a good move for them and probably good for the industry.

Today's acquisition proposal will deliver immediate value to both Patrick and Toll shareholders, ongoing benefits to all shareholders, create a truly world class transport and logistics company and gives Patrick shareholders a better structured, lower risk exposure to the aviation business.

We have spoken to our top shareholders who are very supportive of our decision and in particular join us with the belief that the ACCC should not be judge and jury in this matter.

Toll remains committed to the proposed merger of the Toll and Patrick businesses.

Should the ACCC decide to take a case against us, we believe that we have a very strong case.

Some people think that God peers over the balcony of heaven trying to find anybody who is enjoying life. And when He spots a happy person, He yells, ''Now cut that out!'' That concept of God should make us shudder because it's blasphemous!

Others think it's a choice between doing what we want to do and being happy, and doing what God wants us to do and being miserable.

Bible study is like eating peanuts. The more you eat, the more you want to eat.

The outlook for the group is very positive.