From the work we've done over the last few days, from inside Patrick, we're not hearing anything about anyone taking a rival bid seriously and we're getting on with the business of making the takeover happen.
Our bid for Patrick is now full steam ahead.
We've lost none of our enthusiasm for the Patrick deal but clearly it needs to be restructured. We believe any restructured bid would need to contain more cash.
Toll sees no reason to bid against itself to acquire Patrick. Toll will not overpay for Patrick.