News: AOG Aveo Says Commercial Negotiations Continued Between Co & Brookfield Property Group

Aug 6 (Reuters) - Aveo Group (AOG) :

• AVEO - COMMERCIAL NEGOTIATIONS HAVE CONTINUED BETWEEN AVEO AND PREFERRED PARTY, BROOKFIELD PROPERTY GROUP
• AVEO GROUP - UPDATES ON STRATEGIC REVIEW
• AVEO NOTES THAT INDICATIVE CASH OFFER PRICE CURRENTLY UNDER DISCUSSION WITH BROOKFIELD IS $2.195 CASH FOR EACH AVEO STAPLED SECURITY
• INDICATIVE OFFER PRICE WOULD BE REDUCED BY VALUE OF ANY DISTRIBUTIONS SUBSEQUENT TO ENTRY INTO A DEFINITIVE AGREEMENT
• INDEPENDENT BOARD COMMITTEE CONTINUING TO ENGAGE WITH BROOKFIELD TO RESOLVE MATTERS TO ALLOW NON-BINDING & CONDITIONAL INDICATIVE PROPOSAL

Source text http//reut.rs/2ZAabz1

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