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8h ago

Macquarie Asset Management Proposes A$5.20-a-Share Takeover of Qube Valued at A$11.6 Billion

Qube granted exclusive due-diligence access through February 1, 2026, with completion subject to approvals.

Macquarie Group logo is seen inside their headquarters in Sydney, Australia, May 9, 2025. REUTERS/Hollie Adams
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Overview

  • The non-binding cash proposal offers A$5.20 per share for Qube, described as Australia's largest integrated import and export logistics provider.
  • The approach values the company at about A$11.6 billion including debt, equating to roughly 14.4 times forecast FY2025 EBITDA.
  • Qube entered an exclusivity agreement giving Macquarie Asset Management due-diligence access until February 1, 2026.
  • Any transaction would require satisfactory due diligence, a scheme implementation agreement and regulatory approvals.
  • The offer represents a 27.8% premium to Friday's A$4.07 close, Qube shares jumped nearly 20% in early trade, and the price will be adjusted for any future dividends.