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News: QUB Asciano says receives proposal to acquire 100% of the issued capital of Asciano

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    Jan 28 (Reuters) - Asciano Ltd (AIO) :

    • Offer consideration comprises A$6.97 cash and 1 Qube share per Asciano share
    • Qube consortium intends to allow the board of Asciano to declare fully-franked permitted dividends of up to A$0.90 per share
    • Cash component of the consideration would be reduced by the amount of any such permitted dividends
    • Says the Asciano board is considering this proposal and will provide a further update on its consideration of this matter in due course.
    • Asciano board continues to unanimously recommend Brookfield proposal announced on 9 November 2015 in absence of a superior proposal
    • Receives proposal to acquire 100% of the issued capital of Asciano
    • Proposal from Qube Holdings Ltd global infrastructure partners, Canada pension plan investment board and cic capital corp

 
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