Aevum buy-up
DIVERSIFIED property group Stockland has increased its grip on takeover target Aevum, boosting its share in the retirement village owner to more than 25 per cent.
Stockland advised the stock exchange yesterday it now has a 25.23 per cent interest in Aevum. Stockland's stake in Aevum has increased since the property group made a revised offer of $1.80 per Aevum share on September 15.
DIVERSIFIED property group Stockland has increased its grip on takeover target Aevum, boosting its share in the retirement village owner to more than 25 per cent.Stockland advised the stock exchange yesterday it now has a 25.23 per cent interest in Aevum. Stockland's stake in Aevum has increased since the property group made a revised offer of $1.80 per Aevum share on September 15.Stockland offered $1.50 for Aevum in August, which was rejected by the Aevum board, leaving its share languishing around 16 per cent.Stockbrokers RBS Morgans recommended that investors consider accepting the offer.
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