Australia's Qube climbs to record high after Macquarie unit's $7.5 billion takeover bid

Qube Holdings

23/11/2025 23:36

** Shares of Qube QUB.AX rise as much as 19.7% to a record high of A$4.87

** Stock top gainer on the benchmark S&P/ASX 200 index .AXJO, which is up 1.1%

** Macquarie Asset Management, a unit of Macquarie MQG.AX, offers to acquire all the shares of Qube, valuing the logistics firm at A$11.6 billion ($7.50 billion), including debt

** The offer of A$5.20 per share in cash represents a 27.8% premium to Qube's closing price of A$4.07 on Friday

** YTD, stock up 21.4%

($1 = 1.5470 Australian dollars)

 (Reporting by Sherin Sunny in Bengaluru)

 ((mailto: Sherin.Sunny@thomsonreuters.com))