Investa acquisition proposal from Oxford Properties Group

Company News

by Rachael Jones

Investa Listed Funds Management as responsible entity of the Investa Office Fund (ASX:IOF) refers to the announcement yesterday of the unsolicited, non-binding, indicative and conditional proposal from Oxford Properties Group to acquire 100 per cent of IOF for a cash price of $5.60 per unit.

The Board has resolved to engage with Oxford to determine whether the Proposal can become a binding proposal capable of acceptance by the company.

In light of this development, the Board intends to seek judicial advice from the Court later today to adjourn the unitholder meeting convened to consider the existing Blackstone proposal from Monday, 17 September 2018 to a time and date to be determined.

Investa Office Fund (ASX:IOF) are trading 0.1 per cent higher to $5.54.

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.