Thursday, May 31, 2007

Morgan Stanley to buy Australia's Investa

(Reuters) - Morgan Stanley Real Estate offered A$3.08 for each Investa share, its second major acquisition in the past week.




Investa shares, which have already risen 50 percent in the past year on takeover speculation, jumped 15.6 percent to A$3.11 at 0520 GMT, also triggering sharp gains for other property trusts.


Read more at Reuters.com Business News

No comments: