Australian freight company Asciano Ltd said on Wednesday that it was in discussions with Canada's Brookfield Infrastructure Group after the Canadian firm made an informal approach to purchase it for A$8.8 billion ($6.78 billion).Brookfield made an indicative, non-binding and conditional proposal to buy all Asciano's shares for A$9.05 per share, Asciano said in a statement. The proposed offer represents a 36 percent premium to Asciano's closing price of A$6.65 on Tuesday. The shares were in a trading halt because of the announcement.If Asciano accepts Brookfield's cash and shares proposal, it will be the seventh-largest inbound takeover of an Australian company and the second-largest by a Canadian firm, according to Thomson Reuters data.
Thomson Reuters Corporation is a provider of intelligent information for businesses and professionals. Shares of TRI fell by 0.26% or $-0.1/share to $38.07. In the past year, the shares have traded as low as $34.88 and as high as $42.64. On average, 817913 shares of TRI exchange hands on a given day and today's volume is recorded at 952232.
Thomson Reuters Corporation is a provider of intelligent information for businesses and professionals. Shares of TRI traded higher by 0.55% or $0.26/share to $47.56. In the past year, the shares have traded as low as $38.42 and as high as $53.00. On average, 743191 shares of TRI.TO exchange hands on a given day and today's volume is recorded at 885588.
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