IOF investa office fund
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News: IOF Australia's Investa Office Fund receives $2.4 bln bid from Oxford Properties

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    13/09/18
    12:10
    Post #: 35573429

    Sept 13 (Reuters) - Australia's Investa Office Fund (IOF) said on Thursday it received a non-binding takeover proposal from Oxford Properties Group for A$3.35 billion ($2.41 billion), or A$5.60 per share in cash, trumping rival bidder Blackstone's final BX.N A$5.52 a share offer.

    Investa said in a statement its directors continued to unanimously recommend the Blackstone offer. ($1 = 1.3918 Australian dollars)

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