Warehouse REIT backs Blackstone’s improved £489 million takeover bid Investing.com -- Britain’s Warehouse REIT (LON:WHR) has recommended Blackstone’s (NYSE:BX) improved takeover offer to its shareholders, withdrawing its previous support for Tritax Big Box REIT’s (LON:BBOX) bid. Blackstone raised its offer for the London-listed logistics specialist to approximately £489 million ($662.20 million) on Thursday, exceeding Tritax’s cash-and-stock proposal valued at £485.2 million. The new Blackstone bid comes after a competitive acquisition process for the UK logistics property company, with Warehouse REIT now backing the higher offer from the U.S. investment firm over its industry peer’s proposal. This article was generated with the support of AI and reviewed by an editor. For more information see our T&C. ProPicks AI are 6 model portfolios created by Investing.com which identify the best stocks for investors to buy now. The stocks that made the cut could produce monster returns in the coming years. Is BX one of them?

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UK’s Warehouse REIT agrees to Blackstone’s $635.35 million bid BX DROOF hereremove ads Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks. Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed. Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website. It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website. Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.

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#WHR will accept $BSX ’s £1.15 p/s potential bid (includes 1.6p dividend/ after payment = 113.4p)

"the #Warehousereit Board has indicated to #Blackstone
that, should a firm offer be made on the financial terms set out above, it would be minded to recommend such an offer"

📸@entrusttmf.bsky.social

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