October 17, 2018 / 11:37 PM / in a month

Australia's Investa says Blackstone pulls out of takeover race

Oct 18 (Reuters) - Australian landlord Investa Office Fund said on Thursday it had been advised by Blackstone Group LP that the private equity giant would not match Canada’s Oxford Properties Group’s A$5.60 per share takeover bid.

Oxford’s offer was “superior” to Blackstone’s, it added in a statement. ($1 = 1.4073 Australian dollars) (Reporting by Aby Jose Koilparambil in Bengaluru; Editing by Stephen Coates)

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