May 27, 2018 / 11:59 PM / 6 months ago

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

May 28 (Reuters) - Australia’s Investa Office Fund (IOF) said on Monday it has received a A$3.08 billion ($2.33 billion) unsolicited non-binding buyout proposal from the Blackstone group. 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) (Reporting by Aaron Saldanha in Bengaluru; editing by Richard Pullin)

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