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BRIEF-Investa Office Fund Says Blackstone To Increase Bid

Published 06/09/2018, 10:16 am
Updated 06/09/2018, 10:20 am
© Reuters.  BRIEF-Investa Office Fund Says Blackstone To Increase Bid
IOF
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Sept 6 (Reuters) - Investa Office Fund IOF.AX :

* CONDITIONAL PRICE INCREASE UNDER BLACKSTONE PROPOSAL

* BLACKSTONE IS PREPARED TO INCREASE CONSIDERATION PAYABLE PER IOF UNIT UNDER SCHEME FROM $5.3485 TO $5.52 PER IOF UNIT

* ILFML BOARD INTENDS TO WORK WITH BLACKSTONE TO GIVE EFFECT TO PRICE INCREASE

* UNITHOLDERS ARE ADVISED TO TAKE NO ACTION AT THIS POINT IN TIME

* DIRECTORS CONTINUE TO UNANIMOUSLY RECOMMEND BLACKSTONE SCHEME IN ABSENCE OF SUPERIOR PROPOSAL

* ILFML INTENDS TO SEEK JUDICIAL ADVICE THAT IT IS JUSTIFIED IN RESUMING ADJOURNED MEETING

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