Oct 14 (Reuters) - Australian Leisure and Entertainment Property Management Ltd LEP.AX :
* Unsolicited,indicative & non-binding offer to acquire ale LEP.AX
* Receipt of an unsolicited, indicative and non-binding proposal to acquire ale property group
* Proposal to acquire up to 100% of ale's stapled securities by way of an all-cash takeover offer
* Proposal subject to unanimous recommendation from the ale board for ale securityholders to accept the offer
* Proposal contemplates caledonia making 100% cash offer for ale's stapled securities at $3.95 per security
* Says ale has advised caledonia that it will not be progressing the proposal
* Proposal subject to entry into a bid implementation agreement containing customary deal protection provisions
* Source text for Eikon ID:nASX7FS4KB