trending Market Intelligence /marketintelligence/en/news-insights/trending/fuUEkIwuwbo-MhZsW7q8og2 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

Report: Mirvac to abandon rival bid for IOF

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


Report: Mirvac to abandon rival bid for IOF

will drop a plan tolodge a rival bid forInvesta Office Fund,or IOF, The Australian reported April4, citing unnamed executives.

Thecompany is believed to have lost interest in countering 's bid, which wasrecently improved to includea special cash distribution of 7 Australian cents if the takeover proposalbecomes effective.

Mirvacplans to focus on growing its office property portfolio instead, including thedevelopment of two major office towers in Sydney, according to the executivescited by the publication.

However,The Australian noted that Mirvaccould revive its plan for a competing offer with prominent backers if DEXUSfails to secure a 75% approval from IOF unit holders at a scheduled meeting onApril 15.

Itis expected that Morgan Stanley Real Estate Investing will vote its stake inIOF to oppose the DEXUS merger deal, according to the publication. The companyrecently received a court rulingthat allowed it to vote its 8.9% stake, held through affiliate Post SalePortfolio Issuer Pty. Ltd.

Priorto the court order, DEXUS requestedAustralia's Takeovers Panel to mediate in the merger transaction.

As of April 1, US$1 wasequivalent to A$1.31.