Transport group Patrick Corp. is expected to review Virgin Blue's growth strategy in an attempt to rebuild earnings after securing control of the airline in a hostile takeover campaign. Patrick Corp. announced Friday that it had lifted its shareholding from 45.4% to 50.3% through its A$1.90 ($1.49) per share offer despite resistance from Richard Branson's Virgin Group and the Virgin Blue board, which charged that the offer price significantly undervalued the carrier (ATWOnline, March 1). ...
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