- Reuters•2 days ago
A A$9.1 billion buyout of Australian port and rail freight giant Asciano Ltd by global investors was approved by a court on Thursday, clearing the final hurdle for the country's biggest foreign takeover ...
- Reuters•3 days ago
Australia's foreign investment watchdog cleared the A$9.1 billion ($6.8 billion) buyout of port and rail freight giant Asciano Ltd, the company said on Wednesday, paving the way for the country's biggest foreign takeover in half a decade. The Foreign Investment Review Board (FIRB) "has provided written notice that there are no objections" to the deal, which involves splitting Asciano among a host of buyers from Sydney, Canada, China and Kuwait, the company said in a statement. The ruling was widely expected because the deal involves selling half the company's port assets to an Australian company, Qube Holdings Ltd, while the other half goes to Canada's Brookfield Asset Management Inc.
|52wk Range||1.90 - 2.58|
|Day's Range||2.49 - 2.58|
|Avg Vol (3m)||2,526,079|
As of 2:10 AM EDT. Market closed.