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

Wed Mar 16, 2016 9:28pm EDT
 
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article
[-] Text [+]

** 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)