November 9, 2015 / 10:25 PM / 3 years ago

Australia's Asciano receives $6.3 bln takeover offer from Qube

Nov 10 (Reuters) - Australian port and rail firm Asciano Ltd said on Tuesday it had received a takeover proposal from a consortium led by Qube Holdings, challenging a rival offer from Canada’s Brookfield Asset Management.

The offer from Qube, along with partners Global Infrastructure Partners and Canada Pension Plan Investment Board, implied a value of A$9.25 per Asciano share, a 5.9 percent premium to Monday’s close, and valuing the company at A$9.02 billion ($6.35 billion). Brookfield’s bid was at A$9.22 a share.

Asciano said its board was considering the proposal. It also said it would continue to unanimously recommend the Brookfield proposal announced on Monday. ($1 = 1.4196 Australian dollars) (Reporting by Swati Pandey; editing by Grant McCool)

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