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I hold a parcel of Asciano shares and have received a fair bit of correspondence from Asciano/Brookfield/Nitro Corp, etc., about an offer to acquire my holdings.
Can you please give me some advice/comment/opinion about the best course of action, given I have read another company is looking at a takeover also of Asciano.
I operate a SMSF in pension mode.
Appreciate any feedback.
A: My understanding is that:
a) The Asciano Board continues to unanimously recommend the Brookfield bid;
b) At Brookfield’s request, the ACCC has extended its period of consultation to consider further undertakings from Brookfield. The ACCC review won’t be completed until 18 Feb.
Unless you need the cash, I think you sit tight and wait for the ACCC to rule – this takeover has some way to play out yet.
Hope this helps.
