Oxford Industries Inc (OXM.N)
SYDNEY Private equity giant Blackstone Group has quit a takeover battle for Australian office-block owner Investa Office Fund after it was gazumped by Canadian landlord Oxford Properties Group's A$3.35 billion ($2.4 billion) bid.
* Investa now recommends Oxford's A$3.35 bln buyout (Adds economist quote, updates shares to close)
SYDNEY Australian office landlord Investa Office Fund said it will study a $2.4 billion takeover bid from Canada's Oxford Properties Group, an offer that was criticized by rival suitor Blackstone which also threatened to drop its own bid.
* Investa board to consider alternative Canadian bid, adjourn vote