The best performer in the ASX 200 today was the share price of Aveo Group (ASX: AOG), it climbed over 10%.
Aveo responded to recent media coverage relating to the retirement community business' strategic review.
In August 2018 Aveo launched the strategic review with a particular focus on closing the value gap between Aveo's listed securities and the underlying value of Aveo's retirement properties.
Aveo announced it established an Independent Board Committee at the end of November 2018 to consider and respond to interested parties.
A couple of months ago Aveo announced it had received a number of indicative, non-binding bids to acquire the whole Aveo business. Due diligence by the parties is continuing and Aveo reminded investors there is no certainty an acceptable offer will eventuate.
The Aveo IBC chairman Walter McDonald said "The IBC's focus continues to be to act in the best interest of all securityholders by progressing the process with a view to closing the value gap between Aveo's listed securities and the underlying value of our market-leading retirement properties.
