trending Market Intelligence /marketintelligence/en/news-insights/trending/6bHm0HOwKASycWE7qxW0Mw2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Unit holders reject IOF board's JV proposal with A$10B office platform

Gauging Supply Chain Risk In Volatile Times

The Commercial Real Estate CRE Sector Feels the Impact of the Coronavirus

Credit Analytics Case Study Poundworld Retail Ltd

Segment

IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help


Unit holders reject IOF board's JV proposal with A$10B office platform

Unit holders of Investa Office Fund, or IOF, voted May 31 against the board's proposal to acquire a 50% stake in Investa Office Management Pty. Ltd.

Overall, 248,802,119 or 55.97% of the votes cast in person or by proxy against the transaction with the A$10 billion platform prevailed; 195,761,208 or 44.03% were for it; and 4,839,474 votes were for abstaining, IOF said in a filing.

The planned internalization needed more than 50% affirmative votes in order to forge ahead.

IOF said its independent directors will still work with Investa Office Management to deliver returns to IOF unit holders. It also urged suitor Cromwell Property Group to clarify the status of its potential all-cash offer for the fund.

Since the proposal was announced May 8 after months of review, the A$45 million stake deal received mixed reactions. Among those who backed it was BT Funds Management, while those who expressed doubts about the benefits of such restructuring included Heitman, proxy adviser Institutional Shareholder Services and Cromwell, which reportedly called the stake buy the "worst of all worlds" for the fund's unit holders.

As of May 30, US$1 was equivalent to A$1.34.