Mirvac to raise A$350 mln for acquisition

MELBOURNE, April 7 (Reuters) - Mirvac Group (MGR.AX) plans to raise A$350 million ($325 million) in fresh equity at A$1.40 a share as it prepares a bid for Westpac Office Trust WOT.AX, Mirvac said on Wednesday.

"In addition, Mirvac will offer eligible security holders the right to participate in a security purchase plan ... to raise up to A$150 million," it added.

Mirvac earlier said it has entered into exclusive talks to buy Westpac Office Trust WOT.AX, which on its last trade was worth A$369 million, but had not finalised how it would structure or pay for the acquisition. (Reporting by Balazs Koranyi; Editing by Mark Bendeich)