Dexus, CPA resolve dispute

Groups avoid court by disclosing more information about increasing stake.

Dexus Property Group (DXS) has released more information about its holding in takeover target Commonwealth Property Office Fund (CPA) to a end a court battle with the group.  

In a statement to the Australian Securities Exchange, Dexus said it had entered into a forward contract with Deutsche Bank, giving it the ability to buy 350 million CPA units at $1.1334 apiece and the bank the obligation to deliver them. 

{{content.question}}

{{ twilioFailed ? 'SMS Code Failed to Send…' : 'SMS Code Sent…' }}

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device


Verify your mobile number to unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa
Mastercard

The email address you entered is registered with InvestSMART.

Please login or select "Don't know password"

Please untick this box when using a public or shared device


Register as a new member

(using a different email)

Related Articles