Investa to weigh $2.4 bln Oxford bid, delays vote on Blackstone offer: Reuters
Australian office landlord Investa Office Fund said it will study a A$3.3 billion (US$2.4 billion) takeover bid from Canada’s Oxford Properties Group, an offer that was criticized by rival suitor Blackstone Group which also threatened to drop its own bid, Reuters reported. Oxford, the real estate investment arm of the Ontario Municipal Employees Retirement System (OMERS), had lobbed a last-minute offer for Investa this week that was A$90 million higher than Blackstone’s bid which had already won the backing of the target. Investa said it is adjourning a shareholder meeting that was set to vote on Blackstone’s offer while it weighs the attractiveness of Oxford’s bid.
5 September 2018•2 mins read
