The long-running bidding war for Asciano Ltd has ended after Qube Holdings Ltd announced a joint 9. 1 billion Australian dollar (6.81 billion U.S. dollar) bid with Canada's Brookfield Asset Management Inc. for the Australia's largest rail and port operator.
Canada's Brookfield Asset Management Inc. has suffered a blow in its quest to take over Asciano Ltd after the Australian rail and port giant's board recommended shareholders accept a multi-billion dollar offer from a rival consortium led by Qube Holdings Ltd.
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