DataRoom AM: CPA scramble

The market tips escalating bids for CPA, while a surprise partial float of Murray Goulburn adds another twist to the milk wars.

A bidding war has broken out for the Commonwealth Property Office Fund after GPT Group yesterday countered the offer from Dexus Property Group. It is likely Dexus will soon make another play, adding intrigue to what appeared a clear-cut, one-horse race as late as Monday.

Elsewhere, Murray Goulburn Co-operative gears up for an unexpected float, Seven Group chases acquisitions, Rio Tinto adds to its string of recent divestments and a $500 million aged care operator joins the list of IPO candidates for 2014.

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