************************************* Lendlease Primelife says in talks over possible transaction By a staff reporter
Aged care property investor Lendlease Primelife Group Ltd says it is in talks over a potential transaction, but the deal would not have a material impact on the financial position of the company.
The aged care marketer and developer pointed to the discussions in response to a query from the Australian Securities Exchange (ASX) after its share price rose to 18 cents on August 10, from 12.5 cents on August 4.
Lendlease Primelife said the discussions were still confidential.
"The transaction is not a control transaction in relation to LLP or any other party," the company said.
"The transaction will not have any material impact on the financial position of LLP.
"LLP will continue to keep its securityholders informed and will make an announcement when there is a complete transaction."
LLP said there was no reason to believe that the company's operating results for the financial year would vary from the previous corresponding period by more than 15 per cent.
The company continues to expect the value of its retirement portfolio to decline in value by about five per cent, $30 million, as at June 30 2009.
At 1028 AEST, LLP's share price was flat at 18 cents.
LLP Price at posting:
17.0¢ Sentiment: Buy Disclosure: Held
