You don't have credit card details available. You will be redirected to update payment method page. Click OK to continue.
I have shares in Asciano.
I am confused about the proposal from a consortium led by Brookfield Infrastructure Partners Ltd. Reading through some of the inch thick scheme booklet has not helped much. I basically want to know if I should sell my shares, which I believe is the “cash consideration”, or, if I should take the “script consideration” .
The script consideration involves CDI’S which I am not at all familiar with. The valuation range is $8.42 -$9.40 per share at this point in time, but I believe this could change.
I bought 1,500 units at $1.89 in 2010, total price $2,842. I need to make a decision about this by the end of October as I will be away in November when the scheme will be finalised.
A: Thanks for the question.
I don’t think you should be too worried about going away in November – Asciano provided an updated timetable yesterday. This now says that the final election date (to decide whether to accept script or cash) won’t be until 6 January (click here to see more).
As you are probably aware, the ACCC has raised a “red flag” about the deal – and there is some uncertainty as to whether it will go ahead in this form.
The ACCC is not expected to finalise its determination until December 17.
Finally – CDIs (or CHESS Depositary Instruments) are just like shares – just a mechanism to have them listed on the ASX.
