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Stockland (ASX:SGP) is reportedly considering a takeover of Australand, with speculation heightened by a rally in the target's share price.
Australand's share price closed 3c higher at $3.60 on Friday, after adding more than 12 per cent since June 24.
Media reports quote sources saying Stockland executives are weighing up a deal, with a cash and scrip bid the likely scenario.
The bid is tipped to be worth more than $4 billion, topping GPT Group’s $2.94 billion bid for Australand's office and industrial property businesses in December.
But GPT walked away from its pursuit in May.
Stockland struck a net loss of $147.1 million in the first half of fiscal 2013.
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Last
$6.45 |
Change
0.050(0.78%) |
Mkt cap ! $15.47B | |||
| Open | High | Low | Value | Volume |
| $6.36 | $6.47 | $6.35 | $40.47M | 6.284M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 3631 | $6.44 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.46 | 1510 | 1 |
View Market Depth
| Last trade - 16.10pm 25/08/2025 (20 minute delay) ? |
| SGP (ASX) Chart |