Stockland makes EUR 260 mln offer for Halladale Group

Sydney-based investor Stockland is keen to enter the UK and has launched a £170 mln (EUR 260 mln) takeover bid for AIM-listed property company Halladale. The Australian property group has made an offer of 225p per share, which represents a 33.9% premium to Halladale's closing share price on Tuesday.

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