The 110.6 pence per share offer price agreed on Wednesday represents a 34.2% premium to Warehouse REIT's closing stock price on February 28, the day before Blackstone's initial bid with global ...

(Reuters) -UK's Warehouse REIT said on Thursday it could recommend Blackstone's 489 million-pound ($631.5 million) final all-cash takeover proposal if the asset manager comes up with a firm offer.

Warehouse REIT has backed Blackstone’s latest £489million takeover offer and withdrawn its support for a rival bid from London-listed peer Tritax Big Box REIT. The US private equity giant upped ...

The new bid values Warehouse REIT at 489 million pounds ($664.4 million), a higher price than the previous bid made by U.K. real-estate investment trust Tritax Big Box, Blackstone said.

Blackstone Europe LLP said it made a final bid to acquire the London-listed Warehouse REIT in a cash deal valued at 489 million pounds ($632 million). The asset manager, which is an indirect ...

Further announcements will be made as appropriate, it said. On June 4, Blackstone agreed to acquire Warehouse REIT for 109.0 pence a share, a premium of 34% to its closing price on Feb. 28.

Shares in Warehouse REIT have surged more than 15% to around 99 pence after Blackstone Europe and Sixth Street Partners confirmed that the multilet warehouse investor turned down their £470M bid.

Warehouse REIT has rejected a £470m takeover proposal from funds managed by Blackstone and Sixth Street Partners.

Following an amended offer that adjusted the valuation in response to findings during due diligence, Blackstone Inc. (NYSE: BX) has finalized its acquisition of Britain’s Warehouse REIT for $635 ...