Asciano faces a new legal hurdle in $6.7 bln buyout: Reuters
A trucking company half-owned by Australia's Asciano Ltd took the port and rail giant to court, demanding assurance about its future under an A$9.1 billion (US$6.7 billion) buyout of the parent company, a hiccup in the long-running deal, Reuters reported. In a preliminary hearing on Tuesday, Australian Container Freight Services Pty Ltd asked the Supreme Court of New South Wales to make Asciano confirm its rights under Asciano's plan to be bought by a host of global investors, including Canada's Brookfield Asset Management.
17 May 2016•2 mins read
