Asciano names Qube bid superior

Company News


Asciano Limited (ASX:AIO) has announced this morning that it believes the revised Qube proposal is the superior offer. 
 
The Qube consortium upped its offer to $7.04 cash plus 1 Qube share per Asciano share.
 
The Brookfield Partner consortium now has five days to match the offer which has an implied value of $9.24 per share after Qube upped it by 7 cents. 
 
The ACCC is still yet to hand down its decision which is now due by the 24th of March. 
 
Asciano reported a net profit of $360.8 million for the 2015 financial year.