30.03.2016 - Dexus Adds Cash Distribution to Sweeten Investa Office Fund Deal
Dexus Property Group has sweetened its offer for Investa Office Fund, which said it wasn’t aware of a competing bid from a consortium that’s speculated to include Blackstone Group and China Investment Corp. Dexus added a cash distribution of 7 Australian cents to its existing offer, taking the total to A$4.24 a unit or A$2.6 billion ($2 billion), Investa Office Fund said in a statement to the stock exchange Wednesday. Dexus cited a A$19 million drop in transaction costs largely due to reduced financing costs for the special distribution...............................................Full Article: Source
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