trending Market Intelligence /marketintelligence/en/news-insights/trending/hui6fxvgzd2iu4eeta0dda2 content esgSubNav
In This List

Investa Office declares H2'18 distribution; Blackstone offer price adjusts

Blog

Insight Weekly: Recession risk persists; Banks pull back from crypto; 2022 laggard stocks rally

Blog

Highlighting the Top Regional Aftermarket Research Brokers by Sector Coverage

Blog

Insight Weekly: Inflation eases; bank M&A slows; top companies boost market share

Blog

Insight Weekly: PE firms shift strategies; bank earnings kick off; bankruptcies plummet


Investa Office declares H2'18 distribution; Blackstone offer price adjusts

Blackstone Group LP's offer price for Investa Office Fund, or IOF, will be adjusted to nearly A$5.15 per unit from A$5.25 per unit as the target announced a 10.15 cents per-unit distribution for the second half ending June 30.

The adjustment is part of the binding A$3.14 billion deal signed between Investa Listed Funds Management Ltd., the responsible entity for IOF, and various funds managed or advised by Blackstone Singapore Pte. Ltd. Under the agreement, any IOF distribution carried out after May 4 and prior to the deal's completion would warrant an adjustment in the takeover bid.

IOF unit holders on record as of June 29 will be eligible to receive the six-month distribution amount on or before Aug. 27, according to a news release.