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BRIEF-Asciano says receives proposal to acquire 100% of the issued capital of Asciano

Published 28/01/2016, 09:30 am
© Reuters.  BRIEF-Asciano says receives proposal to acquire 100% of the issued capital of Asciano
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Jan 28 (Reuters) - Asciano Ltd AIO.AX :

* Offer consideration comprises A$6.97 cash and 1 Qube share per Asciano share

* Qube consortium intends to allow the board of Asciano to declare fully-franked permitted dividends of up to A$0.90 per share

* Cash component of the consideration would be reduced by the amount of any such permitted dividends

* Says the Asciano board is considering this proposal and will provide a further update on its consideration of this matter in due course.

* Asciano board continues to unanimously recommend Brookfield proposal announced on 9 November 2015 in absence of a superior proposal

* Receives proposal to acquire 100% of the issued capital of Asciano

* Proposal from Qube Holdings Ltd global infrastructure partners, Canada pension plan investment board and cic capital corp

Source text for Eikon ID:nASX7vSvbp

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