This article is from the Australian Property Journal archive
RETIREMENT and aged care operator Aevum has told shareholders to reject unsolicited offers from Direct Share Purchasing Corporation Pty Ltd.
Aevum said it has become aware that DSPC has approached shareholders with an offer to purchase their shares for $1.00 per share which is substantially below the current market price of $1.66 and Stockland’s bid of $1.50.
Aevum said it has no legal means by which to stop DSPC or any other person making an unsolicited offer to buy their shares if they comply with relevant laws.
So all the company can do is tell shareholders to reject the offer from DSPC.
Australian Property Journal
