Australia's Asciano receives $6.3 billion takeover offer from Qube
(Reuters) - Australian port and rail firm Asciano Ltd AIO.AX said on Tuesday it had received a takeover proposal from a consortium led by Qube Holdings QUB.AX, challenging a rival offer from Canada's Brookfield Asset Management BAMa.TO.
The offer from Qube, along with partners Global Infrastructure Partners and Canada Pension Plan Investment Board, implied a value of A$9.25 per Asciano share, a 5.9 percent premium to Monday's close, and valuing the company at A$9.02 billion ($6.35 billion). Brookfield's bid was at A$9.22 a share.
Asciano said its board was considering the proposal. It also said it would continue to unanimously recommend the Brookfield proposal announced on Monday.
($1 = 1.4196 Australian dollars)
(Reporting by Swati Pandey; editing by Grant McCool)
© Thomson Reuters 2017 All rights reserved.