July 20, 2018 / 5:01 AM / 3 months ago

BUZZ-Australia's Gateway Lifestyle falls; report says Brookfield Property ends interest

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** Retirement village owner Gateway Lifestyle Group drops as much as 2.2 pct to A$2.25, its lowest in a month

** Stock posts biggest intraday pct drop since June 28

** Brookfield Property Group, a unit of Canadian alternative asset manager Brookfield Asset Management Inc, set to exit race for Gateway - the Australian reports bit.ly/2JEI2xU

** If Brookfield exits the bidding race, Hometown America Communities will remain the sole suitor for Gateway

** Brookfield on June 21 made a non-binding A$698.6 mln ($513.7 mln), or A$2.30 per share, offer for Gateway

** Gateway on July 10 had rejected a revised Hometown offer of A$695 mln

** Gateway has no immediate comment on the report

** Morgan Stanley and Mitsubishi UFJ Financial Group picked up a 5.13 pct holding each in Gateway - regulatory filings on Thursday

** Stock up about 25 pct since Hometown’s first offer on June 13; up 5.5 pct this year as of last close

$1 = 1.3600 Australian dollars

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