A joint takeover offer from the Dexus Property Group and the Canada Pension Plan Investment Board (CPPIB) for the Commonwealth Property Office Fund (CPA) is now open.

The Dexus-CPPIB consortium making the takeover bid for CPA announced  that it had started mailing its bidder’s statement to CPA unitholders. “Accordingly, the Dexus offer (Dexus-CPPIB offer) is now open for acceptance,” Dexus said in a statement. The consortium is offering 77.45 cents and 0.4516 Dexus securities for each CPA…