|Bid||5.44 x 0|
|Ask||5.18 x 0|
|Day's range||5.17 - 5.20|
|52-week range||4.13 - 5.26|
|PE ratio (TTM)||7.94|
|Earnings date||20 Aug. 2018 - 24 Aug. 2018|
|Forward dividend & yield||0.20 (3.94%)|
|1y target est||4.77|
Investa Office Fund is in a binding agreement with US private equity group Blackstone, which in May offered a $3.14 billion cash bid for the company.
Yesterday’s surge in the share price of Investa Office Fund (ASX:IOF) on a takeover offer has left investors wondering which property stock could be next to catch the eye of a cashed-up bidder.
Blackstone Group LP offered A$3.14 billion ($2.38 billion) for Investa Office Fund in an attempt to land one of Australia’s most pursued property companies and dozens of office buildings across the country. The New York-based buyout company offered A$5.25 in cash for each share of the real estate investment trust, 13 percent more than Friday’s closing price, Investa said in a statement Monday. Investa’s directors plan to unanimously recommend investors vote for the deal unless there’s a better offer.