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Toll Holdings Limited (ASX:TOL) has posted an interim profit fall on the same day as backing a $6.5 billion takeover bid from Japan Post Co Ltd. 

 

The transport and logistics company’s net profit dropped 22 per cent to $136.6 million in the first half of the 2015 financial year. 

 

Revenue slipped 2.6 per cent to $4.4 billion and the company has declared a fully franked interim dividend of 13 cents per share. 

 

Toll has also today entered into a Scheme Implementation Deed with its suitor who is offering $9.04 per share in cash. 

 

The offer price represents a 49 per cent premium to yesterday’s closing price and a 53 per cent premium to the three month volume weighted average price of Toll shares.