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

November 9, 2015 10:24 PM

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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.

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