Canadians lob $9bn takeover bid for Asciano

By Matt O'Sullivan
Updated July 1 2015 - 7:13pm, first published 5:55pm
Patrick's new automated port terminal, at Port Botany, Sydney.  Photo: Peter Rae
Patrick's new automated port terminal, at Port Botany, Sydney. Photo: Peter Rae

Investors are cautious about a $9 billion offer for Asciano by a large Canadian asset manager succeeding without a higher bid because they believe it under values Australia's largest ports and rail company.

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