Another case of M&A was Dexus making a $300m takeover offer for APN Property Group (APD) (at a whopping 50% premium to last closing price and a 64% premium to 30-day VWAP).
Although it should be noted that APD was not merely a property portfolio holding company, but had a property investment management business which was probably worth as much as the properties it owned, so it's not quite an apples-with-apples comp.
But I think it does portend some kind of M&A stirrings in the sector.
Whether those stirrings will extend to CDP, I'm not sure.
.
Another case of M&A was Dexus making a $300m takeover offer for...
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Last
$4.30 |
Change
-0.110(2.49%) |
Mkt cap ! $340.8M | |||
| Open | High | Low | Value | Volume |
| $4.41 | $4.41 | $4.30 | $3.962K | 915 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2999 | $4.30 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.38 | 800 | 1 |
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| Last trade - 16.10pm 28/05/2024 (20 minute delay) ? |
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Last
$4.31 |
Change
-0.110 ( 1.78 %) |
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| Open | High | Low | Volume | ||
| $4.34 | $4.35 | $4.31 | 224 | ||
| Last updated 14.20pm 28/05/2024 ? | |||||
| CDP (ASX) Chart |