Stockland
(ASX:SGP) is reportedly considering a takeover of Australand, with speculation heightened by a rally in the target's share price.
Australand's share price closed 3c higher at $3.60 on Friday, after adding more than 12 per cent since June 24.
Media reports quote sources saying Stockland executives are weighing up a deal, with a cash and scrip bid the likely scenario.
The bid is tipped to be worth more than $4 billion, topping GPT Group’s $2.94 billion bid for Australand's office and industrial property businesses in December.
But GPT walked away from its pursuit in May.
Stockland struck a net loss of $147.1 million in the first half of fiscal 2013.
