May 11 (Reuters) - APN Property Group Ltd APD.AX :
* RECOMMENDED ACQUISITION OF APN PROPERTY GROUP BY DEXUS
* DEXUS UNIT TO BUY 100% OF APN STAPLED SECURITIES FOR CASH CONSIDERATION OF 91.5 CENTS PER STAPLED SECURITY
* SCHEMES VALUE APN'S ISSUED SECURITIES AT APPROXIMATELY $320 MILLION
* IN ABSENCE OF A SUPERIOR PROPOSAL,DIRECTORS OF APN AND APN RE UNANIMOUSLY RECOMMEND THAT SECURITYHOLDERS VOTE IN FAVOUR OF SCHEMES
* DEED ALSO DETAILS CIRCUMSTANCES UNDER WHICH APN MAY BE REQUIRED TO PAY DEXUS A BREAK FEE OF $3 MILLION