Investa, Australia's biggest publicly traded office building manager, jumped 15 percent to A$3.09. The price Morgan Stanley agreed to pay would make its purchase the biggest overseas acquisition of an Australian real estate investment trust.
The offer values Investa shares at A$3.08 each in cash, 14 percent more than yesterday's closing price, Sydney-based Investa said in a statement today.
The offer values Investa shares at A$3.08 each in cash, 14 percent more than yesterday's closing price, Sydney-based Investa said in a statement today.
