18-02-2015 05:08 via news.yahoo.com

Japan Post agrees $5.1 billion takeover of Australia's Toll Holdings

By Byron Kaye and Taiga Uranaka SYDNEY/TOKYO (Reuters) - Financial giant Japan Post Holdings Co Ltd launched its global expansion strategy with its largest ever deal on Wednesday, agreeing a A$6.5 billion ($5.1 billion) takeover of Australian freight and logistics firm Toll Holdings Ltd. The proposed cash acquisition would give Japan Post a reach spanning 55 countries and a surge in earnings power ahead of a planned listing later this year, as it aims to become a leading international logistics
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