Qube (QUB AU): 16th June Vote On MAM's Scheme
On the 16th February, logistics and infrastructure play Qube Holdings (QUB AU) announced the Macquarie Asset Management-led consortium had firmed an Offer at A$5.20/share, the same price as the NBIO.
Terms back out a 27.8% premium to undisturbed. And ~14.5x FY25 EV/EBITDA. Fully franked dividends up to A$0.40/share permitted, but will be netted. An $0.0535/share interim dividend has been paid.
The Scheme Booklet is now out, with a Scheme Meeting on the 16th June, and expected implementation on the 28th July 2026. The IE (Grant Samuel) says “fair & reasonable“.
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