Freight logistics company Asciano has placed its shares in a trading halt amid speculation about a $9 billion takeover bid from Brookfield Infrastructure.
Fairfax has reported that Brookfield's due diligence on Asciano is understood to have gone well, with the logistics company's investors now waiting for a formal bid.
Brookfield made an initial approach in June with a scrip-and-cash offer worth $9.05.
Asciano on Monday said it expects to make an announcement shortly in relation to the speculation.
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