Blackstone offers $ 2.3 billion for the Investa Office Fund of Australia



(Reuters) – Investa Office Fund (IOF) of Australia ( IOF.AX ) said on Monday that it received an unsolicited purchase proposal of A $ 3.08 billion ($ 2.33) billion) of the Blackstone group ( BX.N ).

PHOTO OF THE ARCHIVE: The information of quote and negotiation of Blackstone Group is shown in the publication in which it is negotiated in the floor of the New York Stock Exchange (NYSE), New York, NY, EE. US, April 4, 2016. REUTERS / Brendan McDermid / File Photo

The directors of the IOF Investa Listed Funds Management manager said they plan to unanimously recommend the offer, which equates to an adjusted price per distribution of A $ 5.15 per unit.

Report of Aaron Saldanha in Bengaluru; edition of Richard Pullin

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