Sydney-based logistics company Qube has made a $60 million takeover bid for Chalmers.
Chalmers board members have signalled they plan to unanimously recommend shareholders accept a $60 million takeover bid by fellow logistics company Qube.
Sydney-based Qube said it was offering Chalmers shareholders the option to either receive 2.31 Qube shares for their shares or $6.50 in cash.
"The proposal to purchase all of the shares in Chalmers under the offer is clearly compelling and represents a significant premium to the recent share price performance," Chalmers executive chairman Graham Mulligan said.
The board's recommendation is conditional on the absence of a superior offer.