Australia's Asciano accepts $6.3b Qube-led takeover bid
The board of Australian rail freight and cargo port operator Asciano has accepted an A$8.8 billion ($6.3 billion) takeover bid by a Qube Holdings-led consortium that includes Canada Pension Plan Investment Board (CPPIB) and China Investment Corporation (CIC).
The consortium, which also features Global Infrastructure Partners, is offering A$7.04 in cash per Asciano share, in addition to one Qube share per Asciano share. Qube's shares were trading at A$2.04 in...
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