Australia's Qube Holdings' shares jump 20% as Macquarie proposes $7.5 billion takeover deal

Australia's Qube Holdings announced connected Monday that Macquarie Asset Management had submitted a non-binding connection to get the logistics institution astatine an endeavor worth of 11.6 cardinal Australian dollars ($7.49 billion).

Macquarie has offered to get Qube for AU$5.2 successful currency per share, representing a astir 28% premium to Qube's closing level of AU$4.07 connected Friday.

Qube shares jumped astir 20% to AU$4.87 successful aboriginal trading connected Monday.

The takeover bid followed a play of negotiations aft a little unsolicited connection from Macquarie plus absorption earlier, Qube said successful its filing, without specifying the nonstop worth of the erstwhile offer.

The endeavor worth represents astir 14.4 times Qube's EBITDA for fiscal twelvemonth 2025, according to the filing. Enterprise worth typically measures a company's full value, including its marketplace capitalization and the outgo to wage disconnected its debt, minus cash.

Qube's operations mostly impact instrumentality leasing, car and atom cargo terminals and roadworthy and obstruction transport services.

The woody is taxable to a "satisfactory completion" of owed diligence connected Qube and its operations, last support from some companies' boards and regulatory approvals.

"The Proposal from Macquarie Asset Management is simply a reflection of the spot of Qube's concern exemplary and our assets, and the prime of our radical and culture. We look guardant to continuing to prosecute constructively successful the champion interests of our shareholders," Qube Chairman John Bevan said successful the filing.