UK's Warehouse REIT shifts allegiance to Blackstone's sweetened bid-February 2024-www.financetom.com

UK's Warehouse REIT shifts allegiance to Blackstone's sweetened bid

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UK's Warehouse REIT shifts allegiance to Blackstone's sweetened bid

Jul 10, 2025 11:40 PM

July 11 (Reuters) - 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.

Blackstone raised its offer for the London-listed company to

about 489 million pounds ($662.20 million) on Thursday,

outbidding Tritax's cash-and-stock offer of 485.2 million

pounds.

($1 = 0.7384 pounds)

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