(Reuters) -Qube Holdings said on Monday that Macquarie Asset Management, a unit of Macquarie, submitted a non-binding proposal to acquire all the shares of Qube, valuing the logistics firm at A$11.6 billion ($7.49 billion), including debt.
The offer of A$5.20 cash per share represents a 27.8% premium to Qube’s closing price of A$4.07 on Friday, and follows negotiations after a lower unsolicited offer, Qube said.
“This proposal highlights the strength of Qube’s assets and operations. We will work constructively to ensure the best outcome for our shareholders,” Qube Chairman John Bevan stated.
The board of Qube, Australia’s largest integrated provider of import and export logistics, has signed an exclusivity agreement granting Macquarie Asset Management a due diligence period until February 1, 2026.
The offer price will be adjusted if Qube declares any future dividends.
The deal is subject to due diligence, regulatory approvals, and satisfactory completion of a scheme implementation agreement.
($1 = 1.5477 Australian dollars)
(Reporting by Adwitiya Srivastava in Bengaluru; Editing by Edmund Klamann and Richard Chang)
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