Supreme Court approves $11.7b Macquarie Asset Management-led takeover of Qube
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The news: The Supreme Court has approved a Macquarie Asset Management-led consortium takeover of Qube for $11.7 billion.
The context: The consortium includes MAM-controlled MAIF 4 Rubik, super fund UniSuper and Pontegadea, the family office of Zara owner Amancio Ortega.
Shareholders will be paid $4.80 per share in addition to a $0.3465 per share special dividend, which is on top of an interim dividend of $0.0535 paid in April 2026.
A copy of the orders will be lodged with corporate regulator ASIC on Wednesday, at which time the scheme will be legally effective. Trading of Qube shares on the ASX will be suspended from close of trading on Wednesday.
From open of trade on Thursday, Qube will be removed from the S&P/ASX 200 index and replaced by Develop Global.
The source: ASX
