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QUB — Qube Holdings News Story

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Brief: Qube Holdings Says MAM-Led Consortium To Buy Co For A$5.20 Cash Per Share

Feb 16 (Reuters) - Qube Holdings Ltd QUB.AX:

SCHEME IMPLEMENTATION DEED WITH MAM-LED CONSORTIUM

CONSORTIUM HAS AGREED TO ACQUIRE 100% OF SHARES IN QUBE BY WAY OF SCHEME OF ARRANGEMENT

QUBE SHAREHOLDERS WILL RECEIVE A$5.20 CASH PER SHARE

SCHEME IMPLIES ENTERPRISE VALUATION FOR QUBE OF A$11.7 BILLION

UNANIMOUSLY RECOMMENDS QUBE SHAREHOLDERS VOTE IN FAVOUR OF SCHEME IN ABSENCE OF A SUPERIOR PROPOSAL

UNDER SID, QUBE IS PERMITTED TO PAY FOLLOWING DIVIDENDS UP TO MAXIMUM OF A$0.40 CASH PER SHARE IN TOTAL

Further company coverage: QUB.AX

 ((Reuters.Briefs@thomsonreuters.com;))

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