July 20, 2018 / 1:20 AM / 3 months ago

BUZZ-Australia's Gateway Lifestyle slips; Brookfield appears to walk away from bid - report

** Retirement village owner Gateway Lifestyle Group drops as much as 2.2 pct to A$2.25, lowest since June 21

** Brookfield Property Group, a unit of Canadian alternative asset manager Brookfield Asset Management Inc, is appearing to walk away from its bid for Gateway - report bit.ly/2zRqD5B

** Brookfield Property Group had made a non-binding A$698.6 mln, or A$2.30 per share, offer for Gateway on June 21

** Gateway said it had no immediate comment on the report

** Gateway on July 10 had rejected a revised takeover offer of A$695 mln in cash from Hometown Australia Holdings Pty Ltd and Hometown America Communities Ltd

** Stock posts biggest intraday pct drop since June 28

** Stock had gained 5.5 pct this year as of last close (Reuters Messaging: shanima.a.thomsonreuters.com@reuters.net)

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