Brookfield again extends takeover offer

Brookfield Infrastructure has again extended its takeover offer for ports and rail operator Asciano - this time by one week, to January 29.

Shipping containers can be seen at the Port Botany facility in Sydney

Brookfield Infrastructure has again extended its takeover offer for ports and rail operator Asciano. (AAP)

Canadian predator Brookfield Infrastructure has again extended its $9 billion takeover offer for Australian ports and rail operator Asciano.

Brookfield said on Friday that its takeover offer is now scheduled to close on Friday, January 29, 2016 - a week later than the prior deadline.

Earlier this month, Brookfield had extended its offer until January 22.

At 1011 AEDT, Asciano shares were 12 cents higher at $8.50.


Share

1 min read

Published

Updated

Source: AAP



Share this with family and friends


Get SBS News daily and direct to your Inbox

Sign up now for the latest news from Australia and around the world direct to your inbox.

By subscribing, you agree to SBS’s terms of service and privacy policy including receiving email updates from SBS.

Download our apps
SBS News
SBS Audio
SBS On Demand

Listen to our podcasts
An overview of the day's top stories from SBS News
Interviews and feature reports from SBS News
Your daily ten minute finance and business news wrap with SBS Finance Editor Ricardo Gonçalves.
A daily five minute news wrap for English learners and people with disability
Get the latest with our News podcasts on your favourite podcast apps.

Watch on SBS
SBS World News

SBS World News

Take a global view with Australia's most comprehensive world news service
Watch the latest news videos from Australia and across the world