Bidding war breaks out for ASX-listed builder AV Jennings
The takeover battle has seen the company’s value double since November.
AV Jennings’ Ara Hills development.
ASX-listed home builder AV Jennings, known in New Zealand for its Ara Hills development in Orewa and the Hobsonville Point development in Auckland, has become the prize in a bidding war after a surprise offer announced yesterday.
Singapore-listed Ho Bee Land launched a A$391 million ($433m) bid
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