Qube Holdings (ASX:QUB) said Macquarie Group's (ASX:MQG) Macquarie Asset Management (MAM) unit provided the confirmation required under the process and exclusivity deed to extend the exclusivity period in relation to MAM's previously disclosed indicative acquisition proposal, according to a Friday Australian bourse filing.
MAM's revised indicative proposal of AU$5.20 per share values Qube at roughly AU$11.6 billion and allows MAM until Feb. 1 to complete due diligence, an earlier filing showed.
The company noted there is no guarantee the proposal will result in a binding offer, the Friday filing added.