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AVJennings to be gobbled up by US private equity giant

Summary by The West Australian

Shares in property developer AVJennings have jumped after it agreed to be gobbled up by global private equity player Proprium Capital Partners and its local subsidiary.

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The West Australian

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AVJennings to be gobbled up by US private equity giant

Shares in property developer AVJennings have jumped after it agreed to be gobbled up by global private equity player Proprium Capital Partners and its local subsidiary.

2 days ago·Australia

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Australian Financial Review

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Home builder AVJennings accepts $365m takeover bid

A takeover battle for the builder erupted between a US bidder and a Singaporean player. Local builders face tough conditions, but their land banks are appealing.

2 days ago·Sydney, Australia

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sharecafe.com.au

AVJennings Board Supports $369M Takeover Bid

AVJennings’ directors have endorsed a proposed $369 million takeover by Proprium Capital Partners and AVID Property Group. The offer of $0.655 per share represents a 98.5% premium over the closing price on November 27, 2024, and a 103.4% premium over the three-month volume-weighted average price. Shareholders may also receive a fully franked special dividend, adding up to approximately $0.072 per share in franking credits, which would reduce the…

1 day ago

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Lawyerly

AVID Property to swallow AVJennings in $365M buyout

Save (0) Please login to bookmarkClose Username or Email Address Password Remember Me Property group AVJennings has accepted a trimmed $365 million takeover offer from private equity-backed AVID Property after failing to receive a binding offer from Singaporean developer Ho Bee Land. Subscribe to Lawyerly to access this article.Already a subscriber? Username or Email Address Password Remember Me Lost your pa…

1 day ago

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Mingtiandi

Proprium Bests Ho Bee Land With $228M Offer for Aussie Builder - Mingtiandi

AVJennings has accepted Proprium Capital Partners’ A$365 million ($228 million) bid to take over the Australian homebuilder, as Singapore-based Ho Bee Land chose not to follow up its own acquisition proposal with a binding offer. US investment manager Proprium and... Read More>> The post Proprium Capital Bests Ho Bee Land With $228M Offer for Aussie Homebuilder appeared first on Mingtiandi.

2 days ago

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