March 17, 2016 / 1:33 AM / in 2 years

BUZZ-Australia's Qube Holdings hits over 1-wk high; entitlement offer raises A$250 mln

** Ports and logistics operator Qube Holdings Ltd rises as much as 3.6 pct to A$2.32, highest since March 7

** Company says successfully raises around A$250 mln ($190.15 mln) at A$2.05 per share through entitlement offer

** Adds that retail component of the entitlement offer will further raise A$244 mln

** Entitlement offer following Qube and Canada’s Brookfield Asset Management Inc takeover of Asciano Ltd on Tuesday

** Over 5 mln shares change hands, as compared with 30-day average of 3.4 mln

** Stock down about 7 pct this year as of Wednesday’s close

$1 = 1.3148 Australian dollars Reuters messaging:; justin.varghese.thomsonreuters.com@reuters.net

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below