Asciano looks set for take-over as trading halts

Asciano’s shares are currently in a trading halt, with speculation that the company is close to recommending a takeover form Brookfield Infrastructure Partners.

Asciano requested the trading halt on Tuesday morning. The takeover bid is said to be worth at least $9 billion.

Shares in the company closed at $8.11 – which is well below the indicative bid and shows that there is some uncertainty among investors about the structure of the deal.

The Loco Division will be keeping a close eye on the progress of this. We’re uncertain as to how the takeover would impact members, if at all. Stay tuned.