Australia"s Investa says Blackstone pulls out of takeover race

Private equity giant Blackstone Group has quit a takeover battle for Australian office-block owner Investa Office Fund after it was gazumped by Canadian landlord Oxford Properties Group's A$3.35 billion ($2.4 billion) bid......»»

Private equity giant Blackstone Group has quit a takeover battle for Australian office-block owner Investa Office Fund after it was gazumped by Canadian landlord Oxford Properties Group's A$3.35 billion ($2.4 billion) bid......»»

(Reuters) - Australia's Investa Office Fund (IOF) said on Monday it has received a A$3.08 billion ($2.3 billion) unsolicited non-binding buyout proposal from the Blackstone Group ......»»

(Reuters) - Australia's Investa Office Fund (IOF) and Blackstone Group on Wednesday entered into a scheme implementation agreement through which the U.S. private equity giant would acquire real estate investment trust for A$3.08 billion ($2.3 billion)......»»

Australian office landlord Investa Office Fund said on Wednesday it is adjourning a planned shareholder meeting that was set to vote on a takeover by Blackstone Group while it mulls the attractiveness of a higher rival bid......»»

Australian office landlord Investa Office Fund said it will study a $2.4 billion takeover bid from Canada's Oxford Properties Group, an offer that was criticized by rival suitor Blackstone which also threatened to drop its own bid......»»

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Investa Office Fund said it has set Sept. 17 as the date for its shareholders to vote on Blackstone Group's sweetened A$3.3 billion ($2.4 billion) bid......»»

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Blackstone Group Inc. (NYSE: BX), a private equity company, has purchased a 10% stake in Australia based casino operator Crown Resorts, leading to a sharp spike in Crown’s shares. read more.....»»

U.S.-based Public Storage emerged on Friday as the likely buyer of Australia's largest self-storage operator National Storage REIT with its current A$1.89 billion ($1.25 billion) offer, after two rivals dropped out of the race......»»

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It happens every year: a political race heats up, and investors become obsessed with how it’s playing in the equity market. In the U.S., that means that when a Republican pulls ahead, there will be voices saying that must be good for stocks. Sudd.....»»

“ICE has decided to cease exploring opportunities with eBay,” the company said in a statement......»»

The Hibernia developer said it is looking for another grocery store to takeover the space......»»

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Unizo Holdings said Monday it would continue talks with Blackstone Group and SoftBank-backed Fortress Investment Group on a potential takeover, raising the possibility of a bid battle between the two global buyout firms......»»

U.S. oil company Chevron Corp is turning to joint ventures and drilling alliances in its bid to dominate the Permian Basin after abandoning a takeover that would have made it the leading producer in the world's biggest shale field......»»

Airbus SE on Friday pulled out of a multibillion-dollar competition to supply Canada with 88 new fighter jets, a decision that boosts the chances of rival Lockheed Martin Corp ......»»

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»