Virgin Blue shares climbed yesterday after majority shareholder Toll Holdings, an Australian logistics company, announced its long-awaited disposal of its 62.7% majority stake in Virgin Blue Holdings. Toll will distribute 98.3% of its stake in Blue to Toll shareholders by way of a special dividend, while Blue shareholders will benefit from the significantly increased liquidity in Virgin Blue shares. Virgin Blue CEO Brett Godfrey said, "We see Toll's exit as an opportunity to introduce ...

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