Toll, Australia's second-largest transport company, last week offered NZ75 a share for Tranz Rail.
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Toll last week offered to buy the company for NZ75c a share, or $NZ158 million.
Wreckage of Air Algerie plane carrying 116 people found in Mali
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Wreckage from AirAlgerie flight AH5017 found in Mali
Many people are in the bicycle racing, including one man in a three-wheeled bike.
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A man riding on a three-wheeled wheelchair.
Saudi to give Lebanese army $3 billion
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Saudi Arabia to grant Lebanese army $3 billion