Australia's Aveo Group signs takeover deal with Canada's Brookfield

(Reuters) – Australia’s Aveo Group (AOG.AX) on Wednesday said it had signed a deal with units of Brookfield Asset Management (BAMa.TO) under which the Canadian firm will buy the Australian retirement home operator for A$1.27 billion. The offer values Aveo at A$2.195 per share, which the company had disclosed earlier this month. Aveo’s board unanimously recommends the offer, the company said in a statement.

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