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Investa Office Fund Provides Update on Acquisition Proposal from Oxford Properties Group

14 Sep 2018  |  09:50:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Update on Acquisition Proposal from Oxford Properties Group

Investa Office Fund noted that Investa Listed Funds Management (ILFML) referred to the announcement of the unsolicited, non-binding, indicative and conditional proposal from Oxford Properties Group (Oxford) to acquire 100% of the Company for a cash price of $5.60 per unit (Oxford Indicative Proposal). The ILFML Board has resolved to engage with Oxford to determine whether the Oxford Indicative Proposal can become a binding proposal capable of acceptance by ILFML. In determining to engage with Oxford, the ILFML Board has considered the Oxford Indicative Proposal and has taken into account all of its terms and conditions, including the price of the Oxford Indicative Proposal, timing considerations and other relevant matters.

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