financetom
Business
financetom
/
Business
/
Qube enters exclusivity deed after Macquarie offers to buy in $7.50 billion deal
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Qube enters exclusivity deed after Macquarie offers to buy in $7.50 billion deal
Nov 23, 2025 4:28 PM

By Adwitiya Srivastava

(Reuters) -Australia's Qube Holdings ( QUBHF ) entered into an exclusivity deed with a unit of Macquarie Group ( MCQEF ) on Monday after a non-binding takeover proposal that valued the logistics company at A$11.6 billion ($7.50 billion), including debt.

Shares of Qube ( QUBHF ), Australia's largest integrated provider of import and export logistics, surged as much as 19.7% to hit an all-time high of A$4.890, far outperforming a 1.1% gain in the benchmark stock index.

The cash offer of A$5.20 per share from Macquarie Asset Management (MAM) represents a 27.8% premium to Qube's ( QUBHF ) last closing price on Friday.

The deal is subject to conditions including regulatory approvals, due diligence, and Qube ( QUBHF ) delivering a binding scheme implementation agreement before the end of the exclusivity deed on February 1, 2026.

"This proposal highlights the strength of Qube's ( QUBHF ) assets and operations," Qube ( QUBHF ) Chairman John Bevan said in a statement.

Each of the Qube ( QUBHF ) directors confirmed they intended to unanimously recommend shareholders vote in favour of any scheme of arrangement for the potential transaction in the absence of a superior proposal and subject to an independent expert review, Qube ( QUBHF ) said.

Analyst at Ord Minnet Research see chances of incremental third-party interest in Qube ( QUBHF ), given recent global corporate activity by global shipping lines and increased interest in transport assets from global infrastructure funds.

Should the deal proceed, adjustments will apply to the A$5.20 per-share offer to account for any future dividends paid by Qube ( QUBHF ), the logistics company said.

($1 = 1.5470 Australian dollars)

(Reporting by Adwitiya Srivastava in Bengaluru; Editing by Edmund Klamann, Richard Chang and Subhranshu Sahu)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Tata Power Renewable Energy wins 200-MW project in collaboration with SJVN
Tata Power Renewable Energy wins 200-MW project in collaboration with SJVN
Nov 28, 2023
The firm and dispatchable renewable energy (FDRE) project, designed with a hybrid of solar, wind, and battery storage, is aimed at providing a stable and dispatchable energy supply during peak hours. Shares of Tata Power Company Ltd ended at ₹270.75, up by ₹12.60, or 4.88%, on the BSE.
SJVN secures 200-MW wind power project at ₹3.24 per unit
SJVN secures 200-MW wind power project at ₹3.24 per unit
Nov 16, 2023
Projected to generate 482 million units in its inaugural year post-commissioning, the cumulative energy generation over a 25-year span is anticipated to reach 12,050 million units. Shares of SJVN Ltd ended at ₹75.17, down by ₹0.50, or 0.66%, on the BSE.
This sustainable jewellery brand is luring some women away from gold
This sustainable jewellery brand is luring some women away from gold
Oct 30, 2023
Aulerth's offerings range from ₹5,000 to as high as ₹2.8 lakh. Are women willing to spend this much on jewellery made from scrap? Founder and CEO Vivek Ramabhadran definitely believes so. Aulerth produces couture-inspired pieces in association with designers like JJ Valaya, Suneet Varma, among others. It has reported 33% repeat customers in the past year and expects a spike to 40% soon.
Suzlon's S144–3 MW wind turbines get big boost from Indian government
Suzlon's S144–3 MW wind turbines get big boost from Indian government
Nov 15, 2023
Th Suzlon wind turbines received the RLMM (Revised List of Models & Manufacturers) listing from the Ministry of New and Renewable Energy, marking an important milestone for the successful commercialisation of the product. Shares of Suzlon Energy Ltd ended at ₹40.49, up by ₹1.85, or 4.79%, on the BSE.
Copyright 2023-2025 - www.financetom.com All Rights Reserved