Asciano awaits ACCC review

Company News

 
Asciano Limited (ASX:AIO) continues to dance between suitors in a $9 billion takeover bid. 
 
The ports and rail operator recently had its formal offer from Brookfield Partners extended to Friday 22 January and has thrown its support behind the Brookfield deal. 
 
However Qube has made a provisional takeover offer and Asicano chairman Malcolm Broomhead has told Fairfax Media that the deal could go either way. 
 
The ACCC is due to hand down a determination in February and the company says it will take speedy action following that review. 
 
Asciano made a net profit of $360.8 million in the 2015 financial year.