Blackstone has made a final indicative all-cash proposal to buy Warehouse REIT.
The proposal of 115 pence per share would value the target at £489m and represents a premium of 39.6% to the closing price of 82.4p the day before the offer period began and an increase of 4.1% to Blackstone’s previous possible offer.
“Blackstone believes the final indicative proposal provides a highly deliverable and compelling alternative to shareholders, attributing a full valuation for the company and its future prospects,” the company said.
The company also noted that Sixth Street Partners, which had been involved in one of Blackstone’s earlier proposals, now has no intention to make an offer.
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