SYDNEY, Feb 8 (Reuters) - Australia's Qube Holdings Ltd (QUB) said it raised its proposed takeover bid for port and rail operator Asciano Ltd (AIO) to A$9 billion ($6.4 billion) and that the target prefers its approach to that of Brookfield Asset Management Inc BAMa.TO .
In a statement to the Australian Securities Exchange on Monday, freight terminal operator Qube said its investment consortium lifted its cash and shares indicative offer for Asciano to A$9.24 per share, higher than both its previous A$9.17 approach and Canadian Brookfield's A$9.10.
"The Asciano Board has determined that the Qube Consortium's Revised Proposal is a superior proposal," Qube said.
($1 = 1.4142 Australian dollars)
News: QUB Australia's Qube raises Asciano approach to $6.4 bln, trumping Brookfield
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Last
$3.98 |
Change
0.030(0.76%) |
Mkt cap ! $6.843B | |||
| Open | High | Low | Value | Volume |
| $4.00 | $4.04 | $3.98 | $10.24M | 2.568M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 197542 | $3.98 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.99 | 124007 | 6 |
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