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BRIEF-Investa Office Fund Updates On Acquisition Proposal From Oxford Properties Group

Published 2018-09-13, 07:51 p/m
© Reuters.  BRIEF-Investa Office Fund Updates On Acquisition Proposal From Oxford Properties Group
IOF
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Sept 14 (Reuters) - Investa Office Fund IOF.AX :

* UPDATE ON ACQUISITION PROPOSAL FROM OXFORD PROPERTIES GROUP-IOF.AX

* INTENDS TO ENGAGE WITH OXFORD ON AN EXPEDITED TIMETABLE & EXPECTS TALKS WILL INVOLVE PROVISION OF DUE DILIGENCE INFORMATION

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

* PURSUANT TO SCHEME IMPLEMENTATION AGREEMENT WITH BLACKSTONE, THIS ENGAGEMENT IS AN EXCEPTION TO EXCLUSIVITY OBLIGATIONS

* THERE IS NO CERTAINTY THAT OXFORD INDICATIVE PROPOSAL WILL RESULT IN A BINDING OFFER

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