Possible outcomes: -Brookfield buys Asciano; QUB loses great...

Possible outcomes:

-Brookfield buys Asciano; QUB loses great opportunity, potentially faced with higher costs in some of its ancillary operations having a deflationery effect on earnings.

-QUB buys desired Asciano assets; massive earnings boost but also enormous gearing (to my knowledge), significant synergies and hugely earnings accretive despite the massive share dilution this move would require (which would probably more than double QUB's current market capital)

-ACCC prevents both QUB and Brookfield buying the company or certain assets; better than brookfield purchasing but not great for QUB, whose long term goal has been to acquire the Patrick assets.