The offer from Lendlease was for $1.3b and FKP knocked it back as being inadequate. Considering it's land bank and retirement pipeline and assets, it probably was in the best interests of shareholders to refuse at that time.
Brokers at the time called it inadequate and said an offer for FKP at between $6-$7 would be closer to the mark.
The offer from Lendlease was for $1.3b and FKP knocked it back...
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