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GPT's $3B Offer Bumps Dexus Bid For Aussie Office Trust

By Benjamin Horney (November 25, 2013, 1:54 PM EST) -- Australia's Commonwealth Property Office Fund nixed Dexus Property Group Ltd. and Canada Pension Plan Investment Board's takeover bid for the Commonwealth Bank of Australia's commercial property trust Monday, after the two refused to raise their offer to compete with last week's surprise A$3 billion (US$2.8 billion) bid by GPT Group....

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