May 28 (Reuters) - Investa Office Fund IOF.AX :
* RECEIVED ALL CASH PROPOSAL FROM BLACKSTONE TO ACQUIRE IOF
* UNDER PROPOSAL, IOF UNITHOLDERS TO BE ENTITLED TO $5.25 CASH/UNIT REDUCED BY ANY DISTRIBUTIONS DECLARED/PAID BY CO AFTER MAY 4
* DIRECTORS OF ILFML INTEND, ON ENTRY INTO SCHEME AGREEMENT, TO UNANIMOUSLY RECOMMEND IOF UNITHOLDERS VOTE IN FAVOUR OF PROPOSAL