Aimco confirms it received a conditional non-binding indication of interest that is grossly inadequate and will proceed with the separation of air and aimco

Denver--(business wire)--apartment investment and management company (nyse: aiv) (“aimco”) confirmed that it received a conditional non-binding indication of interest to purchase aimco. aimco announced that its board of directors unanimously determined the proposal is grossly inadequate and not in the best interest of aimco and its stockholders, and that aimco will proceed with the previously announced separation of aimco and apartment income reit corp. (“air”). aimco further stated that it doe
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