Qube's Asciano tilt becomes binding

A CONSORTIUM of Qube Holdings, Global Infrastructure Management, LLC, Canada Pension Plan Investment Board and CIC Capital Corporation has submitted a binding $9.08 a share offer for Asciano.

Qube's Asciano tilt becomes binding Qube's Asciano tilt becomes binding Qube's Asciano tilt becomes binding Qube's Asciano tilt becomes binding Qube's Asciano tilt becomes binding

Under the proposed deal Qube's consortium partners will get Asciano's rail assets.

The Qube Consortium had made a non-binding $9.25 a share proposal for Asciano on November 10.

This latest offer is made up of $6.97 cash and one Qube share for every Asciano share.

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