News: IOF Investa Office Fund Flags Increase In Blackstone Proposal Consideration Price

Aug 22 (Reuters) - Investa Office Fund (IOF) :

• BLACKSTONE PROPOSAL SCHEME CONSIDERATION PRICE INCREASE
• AN INCREASE IN CASH CONSIDERATION FROM $5.1485 TO $5.3485 PER IOF UNIT
• BOARD CONTINUES TO UNANIMOUSLY RECOMMEND IOF UNITHOLDERS VOTE IN FAVOUR OF BLACKSTONE PROPOSAL IN ABSENCE OF A SUPERIOR PROPOSAL
• BLACKSTONE PREPARED TO INCREASE CONSIDERATION PAYABLE PER IOF UNIT UNDER SCHEME FROM $5.25 TO $5.45 PER IOF UNIT
• ILFML BOARD WILL CONSIDER LETTER RECEIVED FROM BLACKSTONE AND WILL PROVIDE AN UPDATE AS SOON AS PRACTICABLE