Commonwealth Property Office Fund

Australia's GPT quits CPA takeover battle

Australia-based real estate manager GPT Group will not increase its takeover bid for Commonwealth Property Office Fund (CPA), making way for Dexus Property and the Canada Pension Plan Investment Board (CPPIB) to make competing offers.

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Dexus Property Group, CPPIB challenges GPT Group offer for Commonwealth Property Office Fund

Dexus Property Group and the Canadian Pension Plan Investment Board sweetened their bid for the property fund controlled by the Commonwealth Bank of Australia, Bloomberg reported.

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Top deals of the day - Bids, Mergers and Acquisitions

The following bids, mergers, acquisitions and disposals were reported on Tuesday including Nokia, IntercontinentalExchange Group, Goldman Sachs and others.

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Australia's GPT gate-crashes CPA takeover with $2.8 bln bid

Australian property investor The GPT Group has made a A$2.99 billion takeover bid for Commonwealth Property Office Fund, gate-crashing an agreed A$2.8 billion deal with Dexus Property and a Canadian pension fund.

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