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Posted on: Dec. 19, 2015, 9 a.m.
The board of Investa Office Fund has agreed to a $2.5 billion takeover bid from rival Dexus Property Group. The two property investment trusts have entered into a binding agreement to complete the merger, which will create the largest Australian office trust, with combined assets worth $24.1 billion. The agreement follows an offer from Dexus earlier this month, under which it offered to pay 0.424 Dexus securities and up to 82.29 cents in cash for every IOF unit. Full investment news article