NewsBite

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.

Michael Bleby
Michael BlebyDeputy property editor

Subscribe to gift this article

Gift 5 articles to anyone you choose each month when you subscribe.

Subscribe now

Already a subscriber?

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.

Loading...
Michael Bleby covers commercial and residential property, with a focus on housing and finance, construction, design & architecture. He also dabbles in the business of sport. Michael is based in Melbourne. Connect with Michael on Twitter. Email Michael at mbleby@afr.com

Subscribe to gift this article

Gift 5 articles to anyone you choose each month when you subscribe.

Subscribe now

Already a subscriber?

Read More

Latest In Commercial

Fetching latest articles

Most Viewed In Property

    Original URL: https://www.afr.com/property/commercial/brookfield-takeover-of-aveo-proceeds-to-court-approval-20191106-p537yb