Aug 6 (Reuters) - Aveo Group AOG.AX :
* AVEO - COMMERCIAL NEGOTIATIONS HAVE CONTINUED BETWEEN AVEO AND PREFERRED PARTY, BROOKFIELD PROPERTY GROUP
* AVEO GROUP - UPDATES ON STRATEGIC REVIEW
* AVEO NOTES THAT INDICATIVE CASH OFFER PRICE CURRENTLY UNDER DISCUSSION WITH BROOKFIELD IS $2.195 CASH FOR EACH AVEO STAPLED SECURITY
* INDICATIVE OFFER PRICE WOULD BE REDUCED BY VALUE OF ANY DISTRIBUTIONS SUBSEQUENT TO ENTRY INTO A DEFINITIVE AGREEMENT
* INDEPENDENT BOARD COMMITTEE CONTINUING TO ENGAGE WITH BROOKFIELD TO RESOLVE MATTERS TO ALLOW NON-BINDING & CONDITIONAL INDICATIVE PROPOSAL