Blackstone Increases Offer for Warehouse REIT
Why we think this is neutral
This RNS announcement provides an update on an increased offer for Warehouse REIT by Blackstone. While the increased offer price is positive, the announcement does not contain any of the mandatory news types that would warrant a stronger sentiment score.
Key Points
- Blackstone has increased its cash offer for Warehouse REIT to 113.4p per share
- Shareholders will also receive Warehouse REIT's fourth interim dividend of 1.6p per share
- Warehouse REIT's Board is reviewing the revised offer with its advisers
Summary
The major investor has raised its offer for the real estate investment trust, as the company's board reviews the revised terms.
Warehouse REIT plc has received an increased cash offer from Blackstone's Wapping Bidco Ltd. The revised terms include an increase in the cash consideration to 113.4p per share and the right for shareholders to receive Warehouse REIT's fourth interim dividend. The Warehouse REIT Board is reviewing the revised offer with its advisers and will continue to engage with shareholders.
GENERAL UPDATE