Japan Post to take over Toll

The Toll board has endorsed a $6.5 billion takeover offer from Japan Post.Japan Post is seeking to expand further through Southeast Asia. The acquisition of Toll will see the Japanese leverage Toll’s expansion into the Asian market over the past eight years.The deal will strengthen Toll’s cross-border e-commerce capabilities.Toll is reaping the rewards of good vision and planning, bold leadership and a deep understanding of the logistics market.Toll now has an end-to-end network that comprises newsagencies, Toll’s domestic parcels network, Toll’s Asian parcels network, and now Japan Post’s network.Toll will be run as a division of Japan Post.