Brookfield ups ante on $6.5 bln approach for Australia's Asciano: Reuters

Brookfield Asset Management shelved a US$6.5 billion buyout agreement with Australian port and rail giant Asciano and said it will launch a formal takeover offer instead, threatening a rival proposal and raising the antitrust regulator’s role in deciding the outcome, Reuters reported. Qube Holdings Ltd and its partners bought a 20 percent stake in Asciano in October.

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