Qube Holdings (ASX:QUB) noted that Macquarie Group's (ASX:MQG) unit Macquarie Asset Management provided the required confirmation under the process deed to continue the exclusivity period between both parties, according to a Friday filing with the Australian bourse.

In November, Qube entered a process deed with Macquarie's unit after the receipt of a revised conditional non-binding indicative proposal to acquire the company's shares for AU$5.20 in cash per share via a scheme of arrangement.

Shares of Qube Holdings rose 1% in recent Friday trade, while shares of Macquarie Group rose 1%.