(Reuters) -Qube Holdings ( QUBHF ) said on Monday that Macquarie Asset Management, a unit of Macquarie, submitted a non-binding proposal to acquire all the shares of Qube ( QUBHF ), valuing the logistics firm at A$11.6 billion ($7.49 billion), including debt.

The offer of A$5.20 cash per share represents a 27.8% premium to Qube's ( QUBHF ) closing price of A$4.07 on Friday, and follows negotiations after a lower unsolicited offer, Qube ( QUBHF ) said.

"This proposal highlights the strength of Qube's ( QUBHF ) assets and operations. We will work constructively to ensure the best outcome for our shareholders," Qube ( QUBHF ) Chairman John Bevan stated.

The board of Qube ( QUBHF ), Australia's largest integrated provider of import and export logistics, has signed an exclusivity agreement granting Macquarie Asset Management a due diligence period until February 1, 2026.

The offer price will be adjusted if Qube ( QUBHF ) declares any future dividends.

The deal is subject to due diligence, regulatory approvals, and satisfactory completion of a scheme implementation agreement.

($1 = 1.5477 Australian dollars)