Aug 22 (Reuters) - The manager of Australia's Investa Office Fund IOF.AX said on Wednesday that two funds affiliated to Blackstone (NYSE:BX) Group BX.N raised their offer to buy the real estate investment trust, making the deal potentially worth A$3.20 billion ($2.34 billion) on a distribution adjusted basis.
Investa's manager said the funds agreed to raise their offer by about A$120 million to A$5.3485 per IOF unit from an earlier bid of A$5.1485 per unit. in Investa shares were halted earlier on Wednesday pending the announcement.
($1 = 1.3669 Australian dollars)