Morgan Stanley's A$3.08-per-share offer give stock holders a 14%premium over where Investa stock closed on Wednesday. The price issaid to be the biggest overseas acquisition of a real estatecompany from Australia.
Investa has A$7 billion portfolio of assets under managementthroughout the country. That portfolio contains a A$4-billionoffice component.
Earlier in the month, Morgan Stanley made public a $6.5billion takeover bid for Crescent Real Estate Equities Co.The Fort Worth-based REIT will trade for $22.80 per share. Also,Morgan Stanley acquired a 25%stake in Wan SA, a Polish real estate firm.
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