DJ MARKET TALK: Where To Now For TPI After Claw Back? 1416 [Dow...

DJ MARKET TALK: Where To Now For TPI After Claw Back?

1416 [Dow Jones] Transpacific Industries (TPI.AU) up 18 cents or 2.7% at A$6.83,
continuing to claw back after falling as much as 19% in wake of failure Monday to win bid
for Brambles (BIL.AU) local Cleanaway and BIS assets. With analysts saying stock priced
for growth, failure to secure BIL key waste management assets seen as double edged sword,
a positive that TPI didn't bid above the odds to secure. Also talk that a number of
smaller waste management companies, including DoloMatrix (DMX.AU), now on TPI executive
chairman Terry Peabody's radar, DMX up 1 cent at 48 cents. (WEL)

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(END) Dow Jones Newswires
June 22, 2006 00:16 ET (04:16 GMT)
Copyright (c) 2006 Dow Jones & Company, Inc.

Thursday 22 June 2006 14:16:04:110 AEST