Aevum considering $320m takeover offer

Aevum considering $320m takeover offer

Retirement village operator Aevum (ASX:AVE) has advised shareholders not to act on a $1.80 per share takeover offer from Stockland.

Aevum said it was considering the takeover bid, which values the company at $320 million. It advised its investors to wait until the board makes a decision to act on the offer.

The offer, for $1.77 a share plus entitlement to Aevum's $0.03 per share dividend, is unconditional and final. It will be open until September 30, unless extended.

Aevum shares are today trading 4.03% higher at $1.805.

Join the CIO Australia group on LinkedIn. The group is open to CIOs, IT Directors, COOs, CTOs and senior IT managers.

Join the newsletter!


Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags Mergers and acquisitionsStocklandAevum

Show Comments