October 7, 2018 / 11:05 PM / a month ago

Australian Unity Office gets sweetened Starwood Capital Asia's funds offer

Oct 8 (Reuters) - Australian Unity Office Fund said on Monday that funds managed by Starwood Capital Asia Ltd raised their buyout offer for the real estate investment trust for a third time, making the deal potentially worth A$480.4 million ($338.92 million).

Australian Unity Office said the funds sweetened their bid to A$2.95 per cash unit, 8.5 percent higher than the last offer of A$2.72 cash per unit.

$1 = 1.4174 Australian dollars Reporting by Aditya Soni in Bengaluru; Editing by Peter Cooney

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below