Nov 6 (Reuters) - Commonwealth Bank of Australia CBA.AX :
* ANNOUNCED JOINT BID WITH LINK ADMINISTRATION HOLDINGS AND MORGAN STANLEY INFRASTRUCTURE PARTNERS INC. TO BUY PROPERTY EXCHANGE AUSTRALIA LTD
* JOINT BID TO ACQUIRE PROPERTY EXCHANGE AUSTRALIA ACCEPTED BY SHAREHOLDERS HOLDING A MAJORITY OF PEXA'S SHARES
* CBA WILL INVEST A FURTHER $50 MILLION, TOTALLING ABOUT $100 MILLION INVESTED IN PROPERTY EXCHANGE AUSTRALIA LIMITED TO DATE
* INVESTMENT WILL RESULT IN INCREASE IN OWNERSHIP STAKE FROM 13.1% TO ABOUT 16%.
* CBA SAYS JOINT BID ACCEPTED BY SHAREHOLDERS HOLDING MAJORITY OF PEXA'S SHARES Source: Further company coverage: CBA.AX