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Qube Holdings Receives $7.49B Acquisition Offer
24 Nov
Summary
- Macquarie Asset Management proposed acquiring Qube for A$11.6 billion.
- The offer represents a 27.8% premium over Qube's recent closing share price.
- Qube has granted Macquarie a due diligence period until February 1, 2026.
Macquarie Asset Management, a division of Macquarie Group, has put forth a non-binding proposal to acquire Qube Holdings, Australia's leading integrated logistics provider. The proposed deal values Qube at A$11.6 billion, inclusive of debt, which translates to approximately $7.49 billion. This offer signifies a substantial 27.8% premium compared to Qube's closing share price on the preceding Friday, indicating a strong interest following prior, lower unsolicited offers.
Qube's Chairman, John Bevan, acknowledged the proposal as a testament to the company's robust assets and operations. The logistics firm has responded by entering into an exclusivity agreement with Macquarie Asset Management. This agreement grants the acquiring entity a period for comprehensive due diligence, scheduled to conclude by February 1, 2026. The offer price is subject to adjustments should Qube decide to distribute future dividends to its shareholders.
This potential acquisition is subject to several critical conditions, including the successful completion of Macquarie's due diligence, securing necessary regulatory approvals, and the finalization of a mutually agreeable scheme implementation agreement. The process underscores the strategic importance of Qube within the Australian logistics sector and highlights Macquarie's intent to expand its footprint in the market.
