Reuters reports:
Shares in Australian industrial logistics group Qube Holdings rose to an all-time high on Monday after it said it had received an A$11.6 billion (US$7.5 billion) takeover offer from Macquarie Asset Management.
Shares in Qube, Australia’s largest integrated import and export services provider, rose as much as 19.7% to a record high of A$4,890. The stock closed at A$4.86, outpacing the 1.3% rise in the country’s benchmark stock index.
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