Shares in local logistics firm Qube Holdings have been placed in a trading halt ahead of a capital raising.
Qube, which is in the midst of a takeover bid for rail and ports giant Asciano, said in a statement to the stock exchange it expects to make a significant announcement before March 17.
The company in February stunned the market by unveiling a joint $9.05 billion takeover bid for the target company, along with rival Canadian bidder Brookfield.
Qube is expected to raise up to $750 million through a capital raising related to the acquisition, according to media reports.
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