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Frasers Tops Rival Australand Bid With $2.4B All-Cash Offer

By Chelsea Naso (June 4, 2014, 1:07 PM EDT) -- Singapore's Frasers Centrepoint Ltd. made a surprise play for Australand Property Group Ltd. on Wednesday, plunking down an AU$2.6 billion ($2.41 billion) all-cash bid for the Australian real estate firm just a week after Stockland Corp. Ltd. sweetened its all-scrip merger proposal for Australand....

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