04:39 PM EST, 02/07/2025 (MT Newswires) -- Retail Opportunity Investments ( ROIC ) said Friday its stockholders approved the all-cash acquisition by Blackstone's (BX) Blackstone Real Estate Partners X.

The agreement will enable Blackstone to acquire the company's outstanding shares for $17.50 per share.

The proposed acquisition is expected to close around Wednesday, pending the satisfaction or waiver of customary closing conditions, the company said.