A$11.7bn Qube Holdings takeover becomes effective

AI Summary

Qube Holdings Limited's takeover by Rubik Australia Pty Limited for A$11.7 billion has been legally approved by the Supreme Court of New South Wales and is now effective after lodging with ASIC. This acquisition marks a significant deal in the sector.

Qube Holdings Limited confirmed yesterday “that an office copy of the orders made by the Supreme Court of New South Wales approving the proposed scheme of arrangement pursuant to which Rubik Australia Pty Limited (Bidder) will acquire 100% of the shares in Qube (the Scheme) has been lodged with the Australian Securities and Investments Commission (ASIC). The Scheme is now legally effective”. The post A$11.7bn Qube Holdings takeover becomes effective appeared first on The Loadstar.