Stockland may have lost out in its bid for smaller rival Australand following a higher bid from Singapore-listed Frasers Centrepoint, but there will at least be a consolation prize – and a lesson for retail investors.
Stockland may have lost out in its bid for smaller rival Australand after a higher bid from Singapore-listed Frasers Centrepoint, but there will still be a consolation prize – and a lesson for retail investors.
Australia’s biggest diversified property group stands to make an $85 million profit from its holding in Australand.
