APN Property (ASX:APD) share price rockets 48% on Dexus takeover Marc Sidarous | May 11, 2021 11:37am | More on: The APN Property Group Ltd (ASX: APD) share price is climbing higher than a skyscraper today. At the time of writing, shares in the real estate investment manager are selling at 90 cents – a 47.5% increase on the previous day’s close. The sharp price rise comes after APN announced it has agreed to the Let’s take a closer look at today’s announcement. APN share price surges on takeover In a statement to the ASX, APN Property Group reported it has received, and is recommending shareholders accept, the offer from Dexus for control of the company. According to the statement, all directors are unanimous on this assessment and intend to vote as such. The directors control 33% of the company.