November 10, 2015 / 1:46 AM / 2 years ago

BUZZ-Australia's Asciano rises to over 7-yr high after takeover from Qube

1 Min Read

** Melbourne-based logistics company Asciano Ltd rises as much as 4 pct to its highest since September 2008

** Says Qube Holdings has proposed to buy all of its issued share capital at an implied value of A$9.25 per share

** On Monday, Brookfield offered Asciano A$9.22 per share

** Asciano shares among top percentage gainers on the ASX All AUS 200

** Stock had gained 44.3 pct this year as of Monday's close

** Qube shares down 3.5 pct (Reuters Messaging: arnab.paul.thomsonreuters.com@reuters.net)

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