Australia: Brookfield makes A$1.27bn bid for Aveo

Canada’s Brookfield Property Group has made a A$1.27bn (US$859.4m) cash bid to acquire Australian retirement village owner Aveo. In a statement to the ASX, Aveo said that the indicative cash offer price currently under discussion with Brookfield is A$2.195 cash for each Aveo stapled security. This is a 8.1% premium to Monday’s close. Brookfield has…

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