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Private Equity

Investa Office Fund A $3.14b Target For Private Equity

by brisbanetimes.com.au posted 4months ago 39 views
Office manager Investa Office Fund is subject of a $3.14 billion cash bid from US private equity group Blackstone. : Office manager Investa Office Fund is subject of a $3.14 billion cash bid from US private equity group Blackstone. The ASX-listed firm says Blackstone has offered $5.25 a share, which, adjusted for any full-year distribution, represents a 13 per cent premium to Friday's closing price of $4.55. Investa said it received an initial confidential proposal of $5.05 a share on April 5, and negotiated the improved proposal that it received on May 4.

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