Stockland mulls fresh Australand bid

Expectations are growing that Stockland is reworking its $2.4bn offer for Australand.

As Stockland’s top brass spent yesterday in an all-day board meeting, expectations are growing that the nation’s largest residential developer is reworking its $2.4 billion offer for Australand, possibly to include a cash component.

On Wednesday, Australand revealed it had spurned an all-scrip offer from its largest shareholder, Stockland, denying its rival’s request for access to undertake due diligence on the company.

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