QUBE Holdings plans to raise A$490m through a fully underwritten 1 for 4.4 accelerated non-renounceable entitlement offer at A$2.04/share. In addition, Qube will raise an additional A$306m through placement to CPPIB at a A$2.14/share. The proceeds from the deal will be used to partly fund the acquisition of 50% stake in Patrick Container Terminals Business.  The deal scores a marginal positive score on our framework, scoring well on most metrics apart from earnings momentum. However, the deal...

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