August 6, 2019 / 12:23 AM / 13 days ago

Australia's Aveo in discussions with Brookfield on $859 mln offer

Aug 6 (Reuters) - Australia's Aveo Group on Tuesday revealed that Canada's Brookfield Asset Management Inc has offered A$1.27 billion ($859.4 million) in cash to acquire the retirement-home operator.

Brookfield's proposal values Aveo at A$2.195 per share, the company said in a statement. ($1 = 1.4778 Australian dollars) (Reporting by Aditya Soni in Bengaluru; Editing by Stephen Coates)

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