Qube shares jumped over 20% to a record-high of AU$4.89 on Monday while Macquarie Group, the parent company of the asset management unit, saw its shares dip as much as 0.37% to AU$193.38. <\/p>\n
The takeover bid followed a period of negotiations after a lower unsolicited offer from Macquarie asset management earlier, Qube said in its filing, without specifying the exact value of the previous offer. <\/p>\n
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Qube share price <\/p>\n
The enterprise value represents about 14.4 times Qube’s earnings before interest, taxes, depreciation and amortization, or EBITDA, for financial year 2025, according to the filing. Enterprise value typically measures a company’s total value, comprising its market capitalization and the cost to pay off its debt, minus cash. <\/p>\n
Qube’s operations mostly involve container leasing, car and grain cargo terminals and road and rail transport services. <\/p>\n
The deal is subject to a “satisfactory completion” of due diligence on Qube and its operations, final approval from both companies’ boards and regulatory approvals.<\/p>\n
Qube said it has entered into an exclusivity deed with Macquarie, during which the asset manager would have the opportunity to undertake due diligence until Feb. 1, 2026. <\/strong><\/p>\n “We look forward to continuing to engage constructively in the best interests of our shareholders,” Qube Chairman John Bevan said in the filing. <\/p>\n In an emailed response Monday, a spokesperson for Macquarie Asset Management declined CNBC’s request for comment. <\/p>\n