QIC revised offer for Superloop to $346m.

QIC Private Capital raised an offer for Superloop, the telecommunications infrastructure company, to AUD494m ($346m). The investment manager raised its proposal to AUD1.95 ($1.37) per share from AUD1.90 ($1.33) it offered at the start of April. The offer marks a 7.7% premium to Superloop's last close. The revised offer gives Superloop shareholders an option to receive the consideration fully in cash, or partially in cash and scrip of the newly formed unlisted entity.