.
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.
News: Stockland considers Australand play
Add SGP (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$5.10 |
Change
-0.055(1.07%) |
Mkt cap ! $12.74B | |||
| Open | High | Low | Value | Volume |
| $5.17 | $5.18 | $5.08 | $7.758M | 1.515M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 40 | 31252 | $5.09 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.10 | 16179 | 19 |
View Market Depth
| Last trade - 14.00pm 20/11/2024 (20 minute delay) ? |
| SGP (ASX) Chart |
