New South Wales Supreme Court Orders Meeting for AVJennings' Proposed Acquisition by Proprium Capital, Avid
The New South Wales Supreme Court has ordered a meeting for AVJennings shareholders to vote on the proposed acquisition by Proprium Capital Partners and Avid Property Group. AVJennings' directors recommend approval, pending no superior proposals and an independent expert's assessment. The meeting is set for July 11.
The Supreme Court of New South Wales ordered that a meeting of AVJennings shareholders be held to decide on the company's proposed acquisition by Proprium Capital Partners and Avid Property Group, according to a Friday filing with the Australian bourse.
AVJennings' directors recommend shareholders vote in favor of the scheme, subject to the absence of a superior proposal and an independent expert's conclusion that it is in the best interests of shareholders, the filing said.
The scheme meeting is scheduled for July 11, the filing added.
