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BRIEF-Asciano updates on legal proceedings regarding its interest in ACFS Logistics

Published 16/05/2016, 09:28 am
© Reuters.  BRIEF-Asciano updates on legal proceedings regarding its interest in ACFS Logistics
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May 16 (Reuters) - Asciano Ltd AIO.AX :

* Was served with a summons filed in the supreme court of New South Wales

* Summons with respect to proceedings regarding its interest in acfs logistics pty ltd

* Says Asciano intends to vigorously defend the proceedings

* Says a directions hearing in the proceedings has been scheduled for 2:00pm on 17 May 2016

* Plaintiffs seeking orders clarifying the parties' rights under the joint venture agreement

* Says does not anticipate that these proceedings will have any impact on the overall transaction timetable.

* Unanimously recommends that Asciano shareholders vote in favour of the scheme, in the absence of a superior proposal.

* Source text for Eikon ID:nASX99XtNn

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