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Australia's Qube Holdings' shares jump 20% as Macquarie proposes $7.5 billion takeover deal
CNBC· 2025-11-24 00:16
Core Viewpoint - Macquarie Asset Management has proposed a non-binding acquisition of Qube Holdings at an enterprise value of AU$11.6 billion (approximately $7.49 billion), offering AU$5.2 in cash per share, which is a nearly 28% premium over Qube's recent closing price [1][2]. Group 1: Acquisition Details - The proposed acquisition price of AU$5.2 per share represents a nearly 28% premium to Qube's closing price of AU$4.07 [1]. - Qube shares increased nearly 20% to AU$4.87 following the announcement of the takeover bid [2]. - The enterprise value of AU$11.6 billion corresponds to about 14.4 times Qube's EBITDA for the financial year 2025 [3]. Group 2: Company Operations - Qube's operations primarily include container leasing, car and grain cargo terminals, as well as road and rail transport services [3]. Group 3: Conditions and Statements - The acquisition is contingent upon satisfactory completion of due diligence, final approval from both companies' boards, and necessary regulatory approvals [4]. - Qube's Chairman, John Bevan, emphasized that the proposal reflects the strength of Qube's business model and the quality of its assets and personnel [4].