Singapore-listed Frasers Centrepoint will buy Australia's Australand Property Group for A$2.6 billion ($3billion) after securing shareholder approval late on Thursday.
In a statement to the Australian Securities Exchange, Frasers said Australand investors with 56.8% of its shares supported the offer, just over the 50% backing it needed.
Thursday, August 7, 2014
Frasers wins backing for $3 bil Australand takeover
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