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Update: Blackstone to Acquire Retail Opportunity Investments for About $4 Billion
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Update: Blackstone to Acquire Retail Opportunity Investments for About $4 Billion
Nov 9, 2024 11:29 AM

12:49 PM EST, 11/06/2024 (MT Newswires) -- (Updates with more details in the second paragraph and the latest stock move in the last paragraph.)

Blackstone (BX) entered a definitive agreement under which Blackstone Real Estate Partners X will acquire all outstanding shares of Retail Opportunity Investments ( ROIC ) for $17.50 per share in an all-cash deal valued at about $4 billion, including debt, the companies said Wednesday.

The deal, which has been approved by Retail Opportunity Investments' ( ROIC ) board, is expected to close in Q1, they added.

Blackstone's shares were up 4% in recent trading.

Price: 176.32, Change: +6.70, Percent Change: +3.95

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