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BRIEF-Australian government takeovers panel updates on decision in relation to Investa Office Fund

Published 08/04/2016, 07:45 pm
Updated 08/04/2016, 07:50 pm
© Reuters.  BRIEF-Australian government takeovers panel updates on decision in relation to Investa Office Fund

April 8 (Reuters) - Australian Government Takeovers Panel:

* Investa office fund - tov: iof Investa Office Fund - panel decision

* Satisfied acquisition of control over voting interests in iof was not taking place in efficient, competitive and informed market

* Considered IOMH document did not disclose readily and reasonably interests that manager had when advocating the position adopted

* While consideration of application,concern was raised whether other statements in iomh document were misleading

* Proxy form attached to the IOMH document, although valid, was likely to mislead or confuse iof unit holders

* Panel was not satisfied that these concerns properly formed part of the application

* Was not satisfied that sufficient basis had been established to interfere with voting rights attaching to units in IOF

Source text for Eikon ID:nASX1f6tx8

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