Aevum has declared Stocklands bid of $1.80 per share not fair but reasonable and has recommended short to medium term shareholder acceptance of the $268 million takeover offer. But in their statement to the ASX, Aevums board declared that no Director had decided to accept Stocklands offer, their reluctance towards the takeover loud and clear.
ATO plans to charge GST on manufactured home parks scrapped
A concerted effort by the Residents Association of manufactured home parks has headed off the ATO which had planned to impose GST in mobile homes. This would have added 10% to the cost of the purchase of a home