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GPT Bows Out Of $2.8B Battle With Dexus Over Aussie REIT

By Benjamin Horney (January 14, 2014, 3:58 PM EST) -- The GPT Group said Tuesday it will not increase its AU$3 billion ($2.8 billion) offer to buy an Australian real estate investment trust, making way for the Canada Pension Plan Investment Board and Dexus Property Group Ltd. to acquire Commonwealth Bank of Australia's REIT....

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