Subscribe

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

This publication is not and should not be construed as, personal financial product advice, an offer to sell or the solicitation of an offer to purchase or subscribe for any investment. Any opinion contained in the Report is unsolicited general information (general financial product advice) only. Read more here.