Qube: Now to carve up Asciano?

The logistics group has hit the headlines with an audacious play for Asciano’s Patrick container terminals.

Update: On November 10, Qube Holdings and its financial backers submitted a proposal to acquire all of the Asciano shares it does not already own. Qube’s proposal would see Asciano shareholders receive $9.25 per AIO share, comprising around 75 per cent in cash with the balance in Qube stock.

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