.
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.