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Blackstone offers $2.3 billion for Australia's Investa Office Fund

Published 28/05/2018, 09:56 am
© Reuters.  Blackstone offers $2.3 billion for Australia's Investa Office Fund
IOF
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May 28 (Reuters) - Australia's Investa Office Fund (IOF) IOF.AX said on Monday it has received a A$3.08 billion ($2.33 billion) unsolicited non-binding buyout proposal from the Blackstone (NYSE:BX) group BX.N .

The directors of IOF manager Investa Listed Funds Management said they plan to unanimously recommend the offer, which equates to a distribution adjusted price of A$5.15 per unit. ($1 = 1.3235 Australian dollars)

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