Warehouse REIT has advised its shareholders to accept Blackstone's increased acquisition offer, while retracting its support for a competing bid from Tritax Big Box REIT. Blackstone raised its offer for the London-listed company to approximately £489 million ($662.2 million), surpassing Tritax's cash and stock offer of £485.2 million.
Warehouse REIT, specializing in logistics properties, considers Blackstone's proposal more favorable. The revised offer from Blackstone underscores its commitment to acquiring Warehouse REIT, aiming to strengthen its position in the logistics real estate sector.
Investors are encouraged to evaluate the enhanced offer from Blackstone, which provides a more competitive alternative compared to Tritax's bid.
