Asciano Offloads ACFS Interest to Settle Dispute with JV Partners and Help Alleviate ACCC Concerns

Special Situations, Content Strategist, Smartkarma

Crispin Francis

Special Situations, Content Strategist

Smartkarma

Smartkarma unites the fragmented investment industry, connecting institutional investors, independent research providers, and corporates within a single network.

Research Reinvented

Event-Driven

<h2>Latest News</h2><p>21 July 2016 - ACCC has finally <a href="http://www.asx.com.au/asxpdf/20160721/pdf/438pvk2vkc12vw.pdf" target="_blank">approved</a> the offer for Asciano by the consortium. </p><blockquote><p>"This restructure revolved a number of the ACCC's concerns," Mr. Sims said.</p></blockquote><h2>Timetable</h2><table class="table table-striped"><tbody>
<tr>
<td><strong>Expected Date</strong></td>
<td><strong>Event</strong></td>
</tr>
<tr>
<td>21 July 2016</td>
<td>ACCC Decision</td>
</tr>
<tr>
<td>22-27 July 2016</td>
<td>Est. FIRB Decision (deadline 27 July 2016)</td>
</tr>
<tr>
<td>28 July 2016</td>
<td>Second Court Date</td>
</tr>
<tr>
<td>29 July 2016</td>
<td>Effective Date (last day of trading)</td>
</tr>
<tr>
<td>3 August 2016</td>
<td>Special Dividend Record Date</td>
</tr>
<tr>
<td>11 August 2016</td>
<td>Special Dividend Payment Date</td>
</tr>
<tr>
<td>12 August 2016</td>
<td>Record date for scheme consideration</td>
</tr>
<tr>
<td>19 August</td>
</tr>
</tbody></table>…

Latest News21 July 2016 - ACCC has finally approved the offer for Asciano by the consortium. "This restructure revolved a number of the ACCC's concerns," Mr. Sims said.Timetable

Expected Date
Event


21 July 2016
ACCC Decision


22-27 July 2016
Est. FIRB Decision (deadline 27 July 2016)


28 July 2016
Second Court Date


29 July 2016
Effective Date (last day of trading)


3 August 2016
Special Dividend Record Date


11 August 2016
Special Dividend Payment Date


12 August 2016
Record date for scheme consideration


19 August

…

Pacific National

Asciano - ACCC Approval