Macquarie tables $7.5bn bid for logistics giant Qube

Australia’s Macquarie Asset Management has submitted a non-binding proposal to acquire compatriot logistics major Qube at an enterprise value of AUD11.6bn ($7.5bn). Qube and Macquarie entered into a process and exclusivity deed in relation to the proposed acquisition. The price of AUD5.20 ($3.36) in cash per share implies a 27.8% premium to the last closing …

splash247