Macquarie Offers $11.6B for Qube Holdings

Macquarie Asset Management has made a significant offer to buy Australian logistics giant Qube Holdings, valuing the company at $11.6 billion. The proposal suggests a cash payment of $5.20 per share, representing a nearly 28% premium over Qubes closing share price last Friday. Following the news, Qubes shares jumped almost 20%. The deal is still in its early stages and depends on Macquaries review of Qubes finances, board approval, and regulatory clearances.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.