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BRIEF-Australian Unity Office Fund Updates On Takeover Offer From Starwood

Published 04/02/2020, 10:07 pm
Updated 04/02/2020, 10:14 pm
© Reuters.  BRIEF-Australian Unity Office Fund Updates On Takeover Offer From Starwood
AOF
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Feb 4 (Reuters) - Australian Unity Office Fund AOF.AX :

* REFERS TO ANNOUNCEMENT BY STARWOOD IN RELATION TO ITS INTENTION TO MAKE TAKEOVER OFFER FOR ALL OF AOF FOR $2.98 PER UNIT

* INDEPENDENT BOARD COMMITTEE ESTABLISHED BY AUIREL TO CONSIDER INTENDED OFFER

* COMMITTEE PRESENTLY MINDED TO ADVISE UNITHOLDERS TO REJECT OFFER ONCE MADE

* EXPECTS TO DECLARE AND PAY DISTRIBUTION OF 4 CENTS PER AOF UNIT FOR QUARTER ENDING MARCH 2020

* COMMITTEE DOES NOT BELIEVE INTENDED OFFER REPRESENTS COMPELLING VALUE FOR AOF UNITHOLDERS

* IBC SAYS HIGHLY LIKELY SOME CONDITIONS OF INTENDED OFFER NOT BEING SATISFIED GIVEN AOF WILL CONTINUE TO BE MANAGED

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