Asciano takeover bid offer period extended

Company News

Asciano Limited (ASX:AIO) has advised that Nitro Corporation, has extended the offer period for its takeover bid of Asciano until Friday, the 29th of January.
 
Nitro Corporation is a subsidiary of Brookfield who put in a $9 billion bid for the ports and rail operator in November. 
 
There is also a rival bid by the Qube consortium, which is currently being evaluated by the ACCC.
 
Brookfield has previously stated that it would sell Asciano’s rail freight business in Western Australia if it wins control of the company. 
 
Asciano reported a net profit of $360.8 million at 30 June 2015.