
Abacus Group quashes corporate deal speculation
Australian real estate investment trust Abacus Group (ASX:ABG) has issued a market update addressing recent media speculation published in The Australian.
The property group quashed corporate rumours, confirming that its anticipated transaction with Morgan Stanley has not proceeded.
Furthermore, the company clarified that it is not engaged in any discussions with sector rival Charter Hall.
While maintaining its general policy against responding to market rumours, Abacus Group emphasised that it continuously reviews strategic opportunities to enhance securityholder value and remains fully compliant with its ASX continuous disclosure obligations.
At the time of reporting, Abacus Group’s share price was $1.02.
Frequently asked questions
More from Australia
NRFC commits up to $110M for Victorian rare earths project
Wide Open Agriculture extends China distribution deal to 2028
Polymetals Resources generates $31M sales from Endeavor Mine
H3 Energy finds deeper gas targets at Warro gas field
BSP Financial Group quarterly net profit reaches K334M
Resonance Health secures $6M share placement