BUZZ-Australia's Qube falls; lodges submission over Asciano proposal

Tue Nov 24, 2015 9:56pm EST
 
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** Logistics services provider Qube Holdings Ltd falls as much as 2.1 pct; lowest since Nov 19

** Company says consortium files regulatory submission to ACCC on proposed acquisition of Asciano Ltd

** Maintains that deal will have no adverse effects on competition in logistics supply chains or for freight rail services

** Recommends that Asciano shareholders take no action in relation to Brookfield Asset Management Inc offer

** Stock down 2.5 pct this year, as of Tuesday's close

(Reuters Messaging; bhumika.sahani.thomsonreuters.com@reuters.net)