Blackstone has offered to buy UK company Japan Residential Investment Company in a £152.6m deal.
The Guernsey registered investor in Japanese residential assets has a portfolio valued at £246.7m.
Blackstone will pay 72p a share for the company in cash, a premium to the current trading price.
During the process Blackstone will have the portfolio re-valued ahead of the deal closing within 28 days of the approved offer.
