AIO 0.00% $9.13 asciano limited

News: AIO Asciano updates on legal proceedings regarding its interest in ACFS Logistics

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    May 16 (Reuters) - Asciano Ltd (AIO) :

    • 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.
                        
 
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