• Investing
  • Stock
  • Editor’s Pick
  • Economy
The Significant Deals
Stock

Australia’s AVJennings soars nearly 100% on $242 mln private equity bid

by November 28, 2024
written by November 28, 2024

Investing.com– Shares of Avjennings Ltd (ASX:AVJ) nearly doubled in value on Thursday after the Australian home builder received a buyout offer from American private equity firm Proprium Capital Partners (WA:CPAP).

AVJennings’ Sydney shares surged about 88% to A$0.620, having risen as high as A$0.650 earlier in the session. 

Proprium, through its AVID Property Group unit, offer $0.67 per share in cash for AVJennings, valuing the home builder at around A$373.7 million ($242 million).

The per-share figure represents a 103% premium to AVJennings’ close on Wednesday. 

Avid also proposed to allow AVJennings to pay a A$0.06 per share as part of the takeover deal. 

AVJennings’ board of directors said it was engaging with the offer, and recommended that shareholders vote in favor of the deal. 

This post appeared first on investing.com
0 comment
0
FacebookTwitterPinterestEmail

previous post
Morning Bid: French budget and German prices grab spotlight
next post
Russia’s plane shortage holds air travel back as wartime wages drive demand

You may also like

BASF results down on impairments, restructuring

January 27, 2025

European chipmakers slump as traders gauge DeepSeek AI...

January 27, 2025

Nasdaq futures tumble as China’s AI push rattles...

January 27, 2025

China Vanke’s CEO, chairman resign amid growing liquidity...

January 27, 2025

Fuji Media, rocked by sexual misconduct allegations, says...

January 27, 2025

Italy’s MPS shares fall ahead of Mediobanca board...

January 27, 2025

British Land stock drops following stake sale

January 27, 2025

UMG shares rally after new multi-year pact with...

January 27, 2025

BASF shares indicated 3% lower as impairments drag...

January 27, 2025

Ryanair cuts 2026 traffic forecast amid ongoing Boeing...

January 27, 2025
Fill Out & Get More Relevant News








    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    Recent Posts

    • Divided Fed proposes rule to ease capital requirements for big Wall Street banks

      June 26, 2025
    • Women’s Tennis Association extends media rights deal with Tennis Channel through 2032

      June 26, 2025
    • Bumble shares jump 26% as dating company plans to axe 30% of workforce

      June 26, 2025
    • Small-business AI use is lagging, but one firm is channeling Sherlock Holmes and knocking out ‘grunt work’

      June 25, 2025

    Categories

    • Economy (245)
    • Editor's Pick (3,646)
    • Investing (534)
    • Stock (6,426)

    Latest News

    • Divided Fed proposes rule to ease capital requirements for big Wall Street banks
    • Women’s Tennis Association extends media rights deal with Tennis Channel through 2032

    Popular News

    • HSBC Q3 profit beats expectations, announces $3 bln buyback
    • Wizz Air loses challenge against EU-approved Romanian aid for TAROM

    About The Significant deals

    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 thesignificantdeals.com | All Rights Reserved

    The Significant Deals
    • Investing
    • Stock
    • Editor’s Pick
    • Economy