Sept 14 (Reuters) - Investa Office Fund (IOF) :
- UPDATE ON ACQUISITION PROPOSAL FROM OXFORD PROPERTIES GROUP-IOF.AX
- INTENDS TO ENGAGE WITH OXFORD ON AN EXPEDITED TIMETABLE & EXPECTS TALKS WILL INVOLVE PROVISION OF DUE DILIGENCE INFORMATION
- DIRECTORS CONTINUE TO UNANIMOUSLY RECOMMEND BLACKSTONE PROPOSAL IN ABSENCE OF A SUPERIOR PROPOSAL
- PURSUANT TO SCHEME IMPLEMENTATION AGREEMENT WITH BLACKSTONE, THIS ENGAGEMENT IS AN EXCEPTION TO EXCLUSIVITY OBLIGATIONS
- THERE IS NO CERTAINTY THAT OXFORD INDICATIVE PROPOSAL WILL RESULT IN A BINDING OFFER
