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 ...

The board of UK landlord Warehouse REIT Plc has recommended shareholders accept an increased offer for the company made by Blackstone Inc. that topped a proposal by rival Tritax Big Box REIT Plc.

The US private equity giant upped the ante in the fight over the British property firm on Thursday by gazumping the Tritax bid, which Warehouse had said last month it was minded to accept.

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.

Britain's Warehouse REIT recommended Blackstone's sweetened bid to its shareholders on Friday, withdrawing support for industry peer Tritax Big Box REIT's offer for the logistics specialist.

(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.

Blackstone said on Tuesday it was considering its options regarding its bid for UK's Warehouse REIT after its takeover target agreed to a 485.2 million pound ($666.8 million)deal with Tritax Big ...

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.

Blackstone has made a final £489m bid to acquire Warehouse REIT, a 4.1% increase on its previous £470m offer.

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 ...