Hometown sweetens takeover bid for Gateway Lifestyle: Reuters

Australia’s Gateway Lifestyle Group has received a sweetened A$713.8 million (US$531 million), or A$2.35 a share, takeover offer from Hometown Australia Holdings Pty Ltd and Hometown America Communities LP, Reuters reported. The revised bid came after Canada’s Brookfield Asset Management launched a A$698.6 million bid for the retirement village owner last week. Gateway operates 50 retirement villages, often former caravan parks converted into communities for residents over 50 years old.

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