AVJennings Receives Competing Acquisition Proposal from Ho Bee Land

Tip Ranks
2025.01.15 00:12
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AVJennings Limited has received a competing acquisition proposal from Ho Bee Land Limited, offering $0.70 per share, which exceeds a previous offer from AVID Property Group of $0.67 per share. Both proposals are non-binding and contingent on due diligence and board approval. The AVJennings Board will evaluate the new proposal and update shareholders, but there is no guarantee of a transaction.

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An announcement from Avjennings Limited ( (AU:AVJ) ) is now available.

AVJennings Limited, listed on the ASX, has received an unsolicited proposal from Ho Bee Land Limited to acquire all remaining shares at $0.70 per share, surpassing a prior proposal from AVID Property Group at $0.67 per share. Both proposals are non-binding and subject to various conditions, including due diligence and board approval. The AVJennings Board will review the new proposal and keep shareholders informed, although there is no assurance of a transaction occurring.

More about Avjennings Limited

Technical Sentiment Consensus Rating: Sell

Current Market Cap: €96.74M

For an in-depth examination of AVJ stock, go to TipRanks’ Stock Analysis page.

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