Australian Unity Office Fund: Starwood intention to make takeover offer

Starwood announces intention to bid $2.95 per unit for AOF

Starwood announces intentions to make an all-cash takeover offer for AOF at $2.98 per security less any distributions paid to unitholders.

Starwood has support from 16.7% of unitholders via pre-bid agreements.

The intended takeover offer requires 90% acceptance, and would require AU’s 13.8% acceptance to proceed, as well as regulatory and FIRB approvals.

Published - 29/01/2020

Core Property Rating - Hold

Target - $3.02

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