Warehouse REIT Receives Possible Cash Offer from Blackstone
Why we think this is neutral
This RNS announcement provides an update on a possible cash offer for Warehouse REIT from Blackstone, but does not contain any specific financial or trading updates. As a general update, the sentiment is neutral without any clear positive or negative factors.
Key Points
- Blackstone has made a final indicative proposal to acquire Warehouse REIT for 115 pence per share in cash
- The Board has indicated it would recommend the offer, subject to agreeing the other terms
- Blackstone will be allowed to conduct a limited period of confirmatory due diligence
Summary
The real estate investment trust received a final indicative proposal from Blackstone for a possible all-cash offer at 115 pence per share.
Warehouse REIT has received a final indicative, non-binding proposal from Blackstone Europe LLP for a possible all-cash offer at 115 pence per share. The Board has indicated it would be minded to recommend such an offer to shareholders, subject to agreeing the other terms. Blackstone will be allowed to conduct a limited period of confirmatory due diligence.
GENERAL UPDATE