A$7.1 0.0 0.0%
Last Trade - 05/08/19
Market Cap | £n/a |
Enterprise Value | £n/a |
Revenue | £34.3m |
Position in Universe | th / 1893 |
** Shares of logistics solutions provider Qube Holdings Ltd QUB.AX rise as much as 1% to A$3.060, in their biggest intraday pct gain since June 18 ** Co intends to make a takeover bid for smaller rival Chalmers Ltd CHR.AX in a deal that values CHR at about A$60 mln ($42.01 mln) urn:newsml:reuters.com:*:nFWN23Y16Q ** Qube offers an option to elect to receive either 2.31 Qube shares or A$6.50 per share in cash as consideration ** Co says implied value of scrip option as at June 27 is A$7.00, which represents a premium of 48.9% to Chalmers' last close ** Chalmers says its directors intend to elect to receive the scrip option and recommend shareholders to accept the offer urn:newsml:reuters.com:*:nFWN23Y16R ** QUB shares up almost 20% this year, as of last close ($1 = 1.4282 Australian dollars) ((Anushka.Trivedi@thomsonreuters.com ; +918067491413; Reuters Messaging: anushka.trivedi.thomsonreuters.com@reuters.net))