Brambles in takeover spotlight
Speculation that Brambles is a takeover target is re-ignited as infrastructure newcomer Asciano buys a sizable stake in the business.
Rumours that the worldÆs largest pallet management company Brambles is ripe for takeover were running hot yesterday as the new Toll HoldingsÆ spin-off, Asciano Group, confirmed that it had bought a 1.76% stake in Brambles through the public markets.
At the same time, Brambles also confirmed that Toll Holdings had bought about five million shares, or just under 0.5% of the business.
The shareholdings were uncovered by Brambles during a routine check of the underlying beneficial owners of its shares....
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