ASX:QUB 18 June 2026 - 28 June 2026

SYDNEY, June 29, 2026, 05:08 AEST – The spread on Qube Holdings' merger tightened to 0.7% as Macquarie's bid moves toward a court hearing in July. Qube Holdings Ltd. traded near the Macquarie-backed buyout offer ahead of Monday’s pre-open, though the merger spread is narrower than the A$5.20 offer price. The ASX had not opened for cash trading as of the dateline; pre-open begins at 07:00, with regular trading from 09:59:45 to 16:00 Sydney time.

Qube Holdings Ltd finished the week trading more like a stub than a freight company, as investors priced the remaining risk in the Macquarie Group Ltd Asset Management buyout at around 4.15 Australian cents a share. Friday's close at A$5.105 is below the A$5.1465 payout current holders stand to get if the scheme goes ahead as per the company's timetable. That payout combines A$4.80 in scheme consideration and an expected A$0.3465 special dividend. The A$0.0535 interim dividend, which brought the offer to A$5.20, only counted for shares held on March 4.

Qube Holdings shares gained on Thursday. The ACCC cleared the company’s planned sale to a Macquarie Asset Management consortium. The ASX was shut overnight, leaving A$5.12 as Thursday’s last traded price. The clearance clears a key hurdle for the deal, which uses a court-supervised scheme of arrangement. The transaction values the business at about A$11.7 billion enterprise value, debt included. The deal would delist one of Australia’s top transport-infrastructure groups.