Asciano drops $6.4 bln Brookfield bid it had endorsed: Reuters
Australian ports and rail giant Asciano Ltd formally dumped an A$8.9 billion (US$6.4 billion) buyout from Brookfield Asset Management after the Toronto-based firm failed to match a higher offer from local rival Qube Holdings Ltd, Reuters reported. Qube has made its offer to buy Sydney-based Asciano in partnership with Canada Pension Plan Investment Board, China Investment Corp and Global Infrastructure Management.
16 February 2016•1 min read
