Investa - Offer in the Best Interest, But Not Fair & Reasonable

Investa Office's Shareholder Vote: It's Complex & Technical

Investa Office's Offer Looks Set to Get Bumped

Investa Is of High Quality, but Soft Tenant Demand and Increasing New Supply Pose Risks.

Investa Office Fund Remains in Play; FVE Raised to AUD 4.40

Investa Office Fund: Unitholders' Meeting; What Could Compel Cromwell to Table a Definitive Offer?

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Event-Driven

<p><a href="https://www.smartkarma.com/entities/4782" target="_blank" data-smartkarma-citation="entities:4782:1">Investa Office Fund (IOF AU)</a> has received a nonbinding takeover offer from Blackstone Singapore by way of a trust scheme. The offer price is AUD 5.25 per unit, less any distributions paid before the takeover completes. We raise our fair value estimate to AUD 5.15 per unit from AUD 4.40 per unit, aligning with the all-cash takeover offer net of a forecast AUD 0.10 final fiscal 2018 distribution. The transaction looks very likely to proceed as proposed. The offer price represents an attractive 16%…</p>

Investa Office Fund (IOF AU) has received a nonbinding takeover offer from Blackstone Singapore by way of a trust scheme. The offer price is AUD 5.25 per unit, less any distributions paid before the takeover completes. We raise our fair value estimate to AUD 5.15 per unit from AUD 4.40 per unit, aligning with the all-cash takeover offer net of a forecast AUD 0.10 final fiscal 2018 distribution. The transaction looks very likely to proceed as proposed. The offer price represents an attractive 16%…

Investa Expected to Be Sold Following Board Supported Takeover Offer. FVE Increased to AUD 5.15