CORRECTED-Australia's Asciano halts trading, media report says to recommend $6.5 bln Brookfield offer

Mon Aug 17, 2015 1:22am EDT
 
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(Corrects headline, first paragraph and bullet point to show that only one media report referred to Asciano recommendation, not multiple reports; also changes dateline to Aug 17)

* Asciano says halt related to "announcement"

* Media report says company to recommend Brookfield takeover deal

* Company to report annual results

By Byron Kaye

SYDNEY, Aug 17 (Reuters) - Asciano Ltd requested a trading halt on Monday after a media report said the Australian rail freight firm would recommend shareholders approve a $6.5 billion takeover offer from Canada's Brookfield Asset Management when it reports annual results on Tuesday.

In a filing to the Australian Securities Exchange, Asciano said it requested the halt because it "expects to make an announcement to the ASX shortly in relation to recent media speculation."

The company gave no details, but a day earlier Fairfax Media said Brookfield's due diligence had "gone well" and "Asciano investors are waiting now on a formal bid" following an informal approach in June.

A Brookfield spokeswoman declined comment.   Continued...