Stockland may revise Australand bid

Stockland CEO says the suitor may revise its takeover offer for Australand to include cash as well as scrip.

Stockland chief executive Mark Steinert says the nation’s largest housing developer will “potentially” work with a partner to launch a revised proposal for Australand comprising some cash after its $2.4 billion conditional scrip bid was flatly rejected yesterday by its rival.


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