Brookfield takeover of Aveo proceeds to court approval
The NSW Supreme Court will next Thursday be asked to approve the deal that includes the final 4.5¢ dividend.
Brookfield's takeover of Aveo Group will progress to court approval next week after almost 92 per cent of votes cast favoured the controversial $2.195-a-share bid for the retirement living operator.
More than 81 per cent of shareholders present and voting approved of the resolution at a meeting on Thursday and the NSW Supreme Court will next Thursday be asked to approve the deal that includes the final 4.5¢ dividend in its offered price. If it does, the shares will be suspended from the close of trade that day and Aveo will end its life as a listed entity.
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