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FCL bid for Australand becomes binding

HAVING completed the due diligence work, Frasers Centrepoint Ltd (FCL) has made its off-market offer to acquire Australand Property Group a binding one.FCL is giving cash of A$4.48 (S$5.29) for each stapled security in a deal that values the Australia-listed firm at about A$2.6 billion.The four-