Original article by Jenny Wiggins
The Australian Financial Review – Page: 15 : 17-Feb-16

Directors of listed ports and rail group Asciano have backed the $9.05bn takeover offer from a consortium headed by Qube Holdings. Asciano will pay a break fee of $A88m to rival bidder Brookfield Infrastructure Partners, whose takeover offer had previously been endorsed by the target’s board. Qube subsequently trumped Brookfield’s offer, and the Canadian suitor failed to match its bid by the deadline of 15 February 2016. However, Brookfield could still make a revised offer.

CORPORATES
ASCIANO LIMITED – ASX AIO, QUBE HOLDINGS LIMITED – ASX QUB, BROOKFIELD INFRASTRUCTURE PARTNERS LP, GLOBAL INFRASTRUCTURE PARTNERS, CANADA PENSION PLAN INVESTMENT BOARD, CHINA INVESTMENT CORPORATION, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION, PSP INVESTMENTS PTY LTD, QATAR INVESTMENT AUTHORITY, BRITISH COLUMBIA INVESTMENT MANAGEMENT CORPORATION, GOVERNMENT OF SINGAPORE INVESTMENT CORPORATION PTE LTD, PATRICK CORPORATION LIMITED, PACIFIC NATIONAL PTY LTD