Blackstone In Agreement To Acquire Australia’s Investa Office Fund For $2.3 Billion

www.oann.com | 4/4/2016 | Staff
cv2angels (Posted by) Level 3
(Reuters) – Australia’s Investa Office Fund (IOF) and Blackstone Group on Wednesday entered into a scheme implementation agreement through which the U.S. private equity giant would acquire real estate investment trust for A$3.08 billion ($2.3 billion).

The directors of IOF manager Investa Listed Funds Management said they unanimously recommend the offer, which equates to a distribution adjusted price of A$5.15 per unit.

Blackstone - Offer - Month - Years - IOF

Blackstone had made an unsolicited and non-binding offer last month, two years after IOF shareholders rejected a A$2.5 billion bid...
(Excerpt) Read more at: www.oann.com
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