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India

Oxford Industries Inc (OXM.N)

OXM.N on New York Stock Exchange

80.78USD
22 Feb 2019
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$0.93 (+1.16%)
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Thu, Oct 18 2018

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Blackstone concedes defeat to Canada's Oxford in battle for Australia's Investa

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.

UPDATE 3-Blackstone concedes defeat to Canada's Oxford in battle for Australia's Investa

* Investa now recommends Oxford's A$3.35 bln buyout (Adds economist quote, updates shares to close)

Investa to weigh $2.4 billion bid from Oxford, delays vote on Blackstone offer

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.

UPDATE 1-Investa to weigh $2.4 bln bid from Oxford, delays vote on Blackstone offer

* Investa board to consider alternative Canadian bid, adjourn vote

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