12:39 PM EDT, 07/30/2024 (MT Newswires) -- (Updates with additional details in the second paragraph, requests for comment in third paragraph, and stock moves in fourth paragraph.)

Blackstone (BX) is in the early stage of discussions to acquire Retail Opportunity Investments ( ROIC ) , an owner of shopping centers in the US, Reuters reported Tuesday, citing unnamed sources.

There's no guarantee that a deal will be reached, the sources reportedly told Reuters, adding that Retail Opportunity Investments ( ROIC ) could attract another suitor.

Blackstone and Retail Opportunity Investments ( ROIC ) didn't immediately respond to requests for comment from MT Newswires.

Shares of Retail Opportunity Investments ( ROIC ) climbed 17% while Blackstone slid 0.3% in recent trading.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 140.53, Change: -0.45, Percent Change: -0.32