Posted By Global Banking and Finance Review
Posted on July 1, 2025
(Reuters) -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 Box REIT last week.
The U.S. private equity firm, which had tabled a best and final offer of 470 million pounds for Warehouse REIT, said the no increases statement was no longer effective due to the competing bid.
($1 = 0.7277 pounds)
(Reporting by Raechel Thankam Job in Bengaluru; Editing by Mrigank Dhaniwala)