Starwood Intends to Make A Conditional Off-Market Takeover Offer For AOF

January 29, 2020 01:15 PM AEDT
Team Kalkine

Australian Unity Investment Real Estate Limited, the responsible entity of Australian Unity Office Fund (ASX: AOF) noted that SOF-Xl Legs Holdings Limited which is a member of Starwood Capital Group has released an announcement on 29 January 2020 where it intends to make, itself or through an affiliate, an all-cash off-market takeover offer for all outstanding units in Australian Unity Office Fund for $2.98 per unit.

The announcement covered that investors with total 16.7% of AOF units have also supported the all-cash off-market takeover offer by entering into pre-bid agreements with Starwood.

Further, the all-cash off-market takeover offer is subjected to multiple conditions such as FIRB approval along with 90% minimum acceptance condition.

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