You are here

Battle for Australian office trust heats up

Dexus, CPPIB's hike of joint offer may spark higher bids

[SYDNEY] A bidding war for Australia's Commonwealth Property Office Fund escalated after Dexus Property Group and the Canada Pension Plan Investment Board hiked their joint offer - a move expected to prompt a higher bid from a rival suitor.The latest cash and stock offer values CPA, as the fund