March 14 (Reuters) - Qube Holdings Ltd QUB.AX :
* Acquisition of Patrick container terminals QUB.AX
* All cash consideration of $9.15 per Asciano share
* Joint consortium comprising Qube, GIP, CPPIB, CIC Capital, Brookfield
Infrastructure, GIC, BCIMC and QIA has entered into a binding agreement to
acquire Asciano
* Transaction is expected to be transformational for Qube with significant
benefits anticipated
* Bid implementation deed in relation to the Qube consortium proposal which was
previously recommended by the Asciano board on 16 February 2016 is now
terminated
* Consideration will be reduced by the amount of any special dividend that is
paid in respect of the transaction
* "The Asciano board is now unanimously recommending the transaction and that
Asciano shareholders should vote in favour of the scheme"
* Says ASIC has granted certain relief to the joint consortium and to the Qube
consortium in connection with the transaction
* Special dividend may enable franking benefits of up to $0.39 per share to be
distributed to eligible Asciano shareholders
* Brookfield infrastructure, GIC, BCIMC and QIA will acquire bulk & automotive
ports services business for $925 million
* Source text for Eikon ID:nASX7gqPM2
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