What is the latest update regarding the Rubik Australia takeover of Qube Holdings (ASX:QUB)?

Qube Holdings (ASX:QUB) has confirmed that its $5.20 per-share acquisition by Rubik Australia is progressing steadily with several key conditions now met. The bidder secured regulatory approval from Papua New Guinea’s Independent Consumer and Competition Commission, and Qube has obtained a majority of necessary third-party contract consents.

When will Qube Holdings (ASX:QUB) shareholders vote on the acquisition scheme?

The general scheme meeting for Qube Holdings (ASX:QUB) shareholders to vote on the acquisition is scheduled for 16 June 2026. This will be followed immediately by a dedicated UniSuper scheme meeting on the same day.

What is the total transaction consideration for Qube Holdings (ASX:QUB) shareholders?

The total transaction consideration is $5.20 cash per share. This total figure encompasses a planned $0.3465 per-share special dividend, the upcoming scheme consideration components, and the $0.0535 cash interim dividend that was already paid to shareholders on April 9.

How does the proposed special dividend affect Qube Holdings (ASX:QUB) investors?

If the takeover scheme becomes effective, the Qube Holdings (ASX:QUB) Board intends to declare a fully franked special dividend of $0.3465 cash per share. This distribution is expected to provide eligible retail investors with up to $0.1485 per share in additional franking credits.

What outstanding regulatory approvals does the Qube Holdings (ASX:QUB) takeover still require?

While Papua New Guinea's regulatory clearance has been granted, the transaction still requires final approvals from several bodies. These include the Australian Competition and Consumer Commission (ACCC), the Foreign Investment Review Board (FIRB), and New Zealand's Overseas Investment Office (OIO).

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Qube takeover advances ahead of shareholder vote

Written by Jon CuthbertPublished Jun 9, 2026, 1:59 AM

Logistics firm Qube (ASX:QUB) has provided a pivotal update regarding its pending acquisition by Rubik Australia.

Following the initial scheme implementation deed announced in February, the $5.20 per-share takeover scheme is advancing steadily, with several key conditions precedent now satisfied or progressing well.

The bidder has secured regulatory approval from Papua New Guinea’s Independent Consumer and Competition Commission.

Furthermore, Qube has obtained a majority of the required third-party consents and waivers under specified contracts.

Outstanding regulatory clearances from the Australian Competition and Consumer Commission, the Foreign Investment Review Board, and the Overseas Investment Office are reportedly progressing smoothly.

Backed by this momentum, Qube intends to maintain its scheduled general scheme meeting for shareholders on June 16, immediately followed by the UniSuper scheme meeting.

Should the scheme become effective, the Qube Board plans to declare a fully franked special dividend of $0.3465 cash per share.

The special dividend is expected to offer eligible shareholders up to $0.1485 per share in additional franking credits, subject to individual tax circumstances and final board discretion.

If approved, the total $5.20 cash transaction consideration will encompass this special dividend alongside the $0.0535 interim dividend previously paid to shareholders on April 9.

Qube takeover advances ahead of shareholder vote

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