Bidding war for Asciano heats up as Qube trumps Brookfield: Reuters

The bidding war for Australian freight giant Asciano Ltd has heated up as local rival Qube Holdings Ltd upped its proposal to A$9 billion (US$6.4 billion), trumping Canada's Brookfield Asset Management, Reuters reported. Asciano said it favoured Qube's approach, dropping its previous preference for Brookfield's offer. It also said it expected Brookfield to raise its bid.

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