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Fight for Australia's Asciano intensifies with Qube's US$6.3b offer

Wednesday, November 11, 2015 - 05:50
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Asciano, which has rail in every Australian state and stevedoring in 40 locations, is seen as a vulnerable takeover target because its earnings have been hit by a resources slowdown.

Sydney

THE battle for Australian stevedoring and rail giant Asciano Ltd escalated on Tuesday after ports firm Qube Holdings Ltd made a US$6.3 billion offer that narrowly beats a rival bid and is expected to draw less concern from anti-trust regulators.

Qube, led by Chris Corrigan

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