Perth-based Axiom Properties Ltd has entered into a selective buy-back agreement with Eumundi Group Ltd under which Eumundi will put to its shareholders the proposal to purchase all of Axiom's shareholding in the company.
The takeover bid from Perth-based property developer Axiom Properties Ltd for Queensland's Eumundi Group Ltd has officially lapsed, after the company held only 16.9 per cent of the developer when the bid closed on Monday.
Perth-based property developer Axiom Properties Ltd has made a takeover bid for Queensland property group Eumundi Group Ltd after acquiring 17 per cent of the company for $4.3 million.
