Business

Qube targets Chalmers in logistics bid

Logistics firm Qube has launched a $60 million takeover bid for Chalmers. (AAP)

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.

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