BUZZ-Australia's Asciano rises, receives another proposal from Qube

Wed Jan 27, 2016 10:17pm EST
 
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article
[-] Text [+]

** Ports and rail giant Asciano Ltd rises as much as 4 pct to highest since November 2015

** Says received an indicative rival offer from Qube Holdings Ltd to acquire all of the issued share capital of Asciano

** The A$9.17-per-share cash and shares offer beats a A$9.10 offer from Brookfield Asset Management Inc

** Asciano said in a statement that its board is considering the Qube offer but continues to support the Brookfield offer

** Stock is among the top percentage gainers in the S&P/ASX 100 Index (Reuters Messaging; hanna.paul.thomsonreuters.com@reuters.net)