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STOCKLAND — M&A Activity 2010
Aug 11, 2010
65781_rns_2010-08-11_6e562dbf-1b5f-4bc1-875e-651aafc31338.pdf
M&A Activity
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133 Castlereagh Street T 02 9035 2000 Sydney NSW 2000 F 02 8988 2000
www.stockland.com.au
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12 August 2010 ASX/Media Release
STOCKLAND LODGES REPLACEMENT BIDDER’S STATEMENT
Stockland wishes to clarify a number of details outlined in its original Bidder’s Statement lodged with the ASX on 5 August 2010, in relation to its cash offer for all of the ordinary shares in Aevum.
These clarifications have been incorporated into a replacement Bidder’s Statement dated 12 August 2010.
Amongst other amendments, the changes clarify that Stockland’s attractive $1.50 per share all-cash off-market offer provides Aevum shareholders with:
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certainty of value at a significant premium to the market value of their Aevum shares prior to the announcement of the offer. Prior to the announcement of the offer, the market price of Aevum shares had not closed above the offer price of $1.50 since 13 January 2010; and
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an exceptional opportunity to realise an attractive premium to the closing price of $1.09 for Aevum shares on the last trading day prior to the announcement date. The $1.50 cash offer represents certainty of value for Aevum’s shareholders.
Full details of the clarifications and amendments can be found in a marked-up copy of the replacement Bidder’s Statement lodged by Stockland with the ASX today.
Stockland will seek to dispatch the replacement Bidder’s Statement to Aevum shareholders shortly, to give shareholders full details of the benefits and terms of Stockland’s offer.
| For media enquiries contact | For investor enquiries contact | ||
|---|---|---|---|
| Karyn Munsie | Katie Lennon | Karyn Munsie | Linda Assatoury |
| EGM – Corporate Affairs | Media Relations Manager | EGM – Corporate Affairs | Senior Manager Investor Relations |
| Stockland | Stockland | Stockland | Stockland |
| T+61 (0)2 9035 2180 | T+61 (0)2 9035 2552 | T+61 (0)2 9035 2180 | T+61 (0)2 9035 2553 |
| M+61 (0)421 050 430 | M+61 (0)406 316 907 | M+61 (0)421 050 430 | M+61 (0)402 283 769 |
ockland Corporation Ltd ACN 000 181 733 Stockland Trust Management Ltd ACN 001 900 741 FSL 241190 As Responsible Entity for Stockland Trust ARSN 092 897 348.