February 16, 2016 / 12:15 AM / a year ago

BUZZ-Australia's Qube jumps as Asciano dumps Brookfield's bid

1 Min Read

** Logistics services provider Qube Holdings Ltd rises as much as 5.79 pct in early trading

** Qube triumphs over Canada's Brookfield Asset Management in their chase to acquire Asciano Ltd

** Asciano confirms that it has dumped Brookfield's offer after it failed to match a higher offer from Qube

** Asciano shares lose as much as 0.62 pct

** Qube is the second best performer on the S&P/ASX 200 Transportation index

** Qube shares had lost about 17.3 pct this year as of Monday's close (Reuters Messaging: anusha.r.thomsonreuters.com@reuters.net)

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