IOF 0.00% $5.58 investa office fund

News: IOF Blackstone offers $2.3 billion for Australia's Investa Office Fund

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    May 28 (Reuters) - Australia's Investa Office Fund (IOF) (IOF) said on Monday it has received a A$3.08 billion ($2.33 billion) unsolicited non-binding buyout proposal from the Blackstone group BX.N .

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

    ($1 = 1.3235 Australian dollars)

 
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