BRIEF-Qube Holdings Says MAM-Led Consortium To Buy Co For A$5.20 Cash Per Share

Reuters
Feb 16
BRIEF-Qube Holdings Says MAM-Led Consortium To Buy Co For A$5.20 Cash Per Share

Feb 16 (Reuters) - Qube Holdings Ltd QUB.AX:

  • SCHEME IMPLEMENTATION DEED WITH MAM-LED CONSORTIUM

  • CONSORTIUM HAS AGREED TO ACQUIRE 100% OF SHARES IN QUBE BY WAY OF SCHEME OF ARRANGEMENT

  • QUBE SHAREHOLDERS WILL RECEIVE A$5.20 CASH PER SHARE

  • SCHEME IMPLIES ENTERPRISE VALUATION FOR QUBE OF A$11.7 BILLION

  • UNANIMOUSLY RECOMMENDS QUBE SHAREHOLDERS VOTE IN FAVOUR OF SCHEME IN ABSENCE OF A SUPERIOR PROPOSAL

  • UNDER SID, QUBE IS PERMITTED TO PAY FOLLOWING DIVIDENDS UP TO MAXIMUM OF A$0.40 CASH PER SHARE IN TOTAL

Further company coverage: QUB.AX

((Reuters.Briefs@thomsonreuters.com;))

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