March 14 (Reuters) - Qube Holdings Ltd (QUB) :
- Acquisition of Patrick container terminals (QUB)
- All cash consideration of $9.15 per Asciano share
- Joint consortium comprising Qube, GIP, CPPIB, CIC Capital, Brookfield
Infrastructure, GIC, BCIMC and QIA has entered into a binding agreement to acquire Asciano
- Transaction is expected to be transformational for Qube with significant
benefits anticipated
- Bid implementation deed in relation to the Qube consortium proposal which was
previously recommended by the Asciano board on 16 February 2016 is now terminated
- Consideration will be reduced by the amount of any special dividend that is
paid in respect of the transaction
- "The Asciano board is now unanimously recommending the transaction and that
Asciano shareholders should vote in favour of the scheme"
- Says ASIC has granted certain relief to the joint consortium and to the Qube
consortium in connection with the transaction
- Special dividend may enable franking benefits of up to $0.39 per share to be
distributed to eligible Asciano shareholders
- Brookfield infrastructure, GIC, BCIMC and QIA will acquire bulk & automotive
ports services business for $925 million
