Posted on November 24, 2025
- Macquarie has offered to acquire Qube for AU$5.2 per share in cash.
- That represents a nearly 28% premium to Qube’s last closing price.
- Qube shares jumped 19.4% to close at a record-high of AU$4.86 on Monday.
Australia’s Qube Holdings announced on Monday that Macquarie Asset Management had submitted a non-binding proposal to acquire the logistics company at an enterprise value of 11.6 billion Australian dollars ($7.49 billion).
Macquarie has offered to acquire Qube for AU$5.2 per share in cash, representing a nearly 28% premium to Qube’s closing share price of AU$4.07 on Friday.
Qube shares jumped 19.4% to close at a record-high of AU$4.86 on Monday, according to LSEG data, while Macquarie Group, the parent company of the asset management unit, saw its shares dip as much as 0.31% to close at AU$193.48.
The takeover bid followed a period of negotiations after a lower unsolicited offer from Macquarie asset management earlier, Qube said in its filing, without specifying the exact value of the previous offer.
The enterprise value represents about 14.4 times Qube’s earnings before interest, taxes, depreciation and amortization, or EBITDA, for financial year 2025, according to the filing. Enterprise value typically measures a company’s total value, comprising its market capitalization and the cost to pay off its debt, minus cash.
