APD apn property group
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May 11 (Reuters) - APN Property Group Ltd (APD) : RECOMMENDED...

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    11/05/21
    10:55
    Post #: 53087729

    May 11 (Reuters) - APN Property Group Ltd (APD) :

    • RECOMMENDED ACQUISITION OF APN PROPERTY GROUP BY DEXUS
    • DEXUS UNIT TO BUY 100% OF APN STAPLED SECURITIES FOR CASH CONSIDERATION OF 91.5 CENTS PER STAPLED SECURITY
    • SCHEMES VALUE APN'S ISSUED SECURITIES AT APPROXIMATELY $320 MILLION
    • IN ABSENCE OF A SUPERIOR PROPOSAL,DIRECTORS OF APN AND APN RE UNANIMOUSLY RECOMMEND THAT SECURITYHOLDERS VOTE IN FAVOUR OF SCHEMES
    • DEED ALSO DETAILS CIRCUMSTANCES UNDER WHICH APN MAY BE REQUIRED TO PAY DEXUS A BREAK FEE OF $3 MILLION
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