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BRIEF-Investa Office Grants Oxford Properties Group Access To Due Diligence

Published 18/09/2018, 01:55 pm
© Reuters.  BRIEF-Investa Office Grants Oxford Properties Group Access To Due Diligence
IOF
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Sept 18 (Reuters) - Investa Office Fund IOF.AX :

* OXFORD PROPERTIES GROUP GRANTED ACCESS TO DUE DILIGENCE

* AGREED THAT IT WILL NOT RESTRICT OR AGREE TO RESTRICT OXFORD'S ACCESS TO DUE DILIGENCE INFORMATION FOR A PERIOD OF FOUR WEEKS

* OXFORD ENTERED INTO A CONFIDENTIALITY DEED UNDER WHICH OXFORD WILL BE GRANTED ACCESS TO DUE DILIGENCE IN RELATION TO IOF

* ILFML CONTINUES TO RECOMMEND THAT UNITHOLDERS TAKE NO ACTION

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

* OXFORD HAS AGREED TO STANDARD NO-POACH RESTRICTIONS OF DIRECTORS AND SENIOR EMPLOYEES OF ILFML AND ITS RELATED ENTITIES

* OXFORD AGREED NOT TO ACQUIRE FURTHER IOF SECURITIES NOR ENTER INTO EXCLUSIVITY ARRANGEMENTS

* STANDSTILL RESTRICTIONS DO NOT RESTRICT OXFORD FROM MAKING A TAKEOVER BID FOR ALL IOF SECURITIES AT A CASH PRICE OF NOT LESS THAN $5.60/UNIT

* OXFORD AGREED NOT TO ENTER BINDING ARRANGEMENTS TO FORM CONSORTIUM OR DISCUSS IOF'S CONFIDENTIAL INFORMATION WITHOUT PRIOR CONSENT

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