
Blackstone's Sweetened Bid Gets Backing of Warehouse REIT Board
Blackstone's latest offer is 'fair and reasonable,' Warehouse REIT said in a statement Friday. The revised proposal provides shareholders with a 'certain all-cash offer' at a premium to Tritax's cash and share bid, Warehouse REIT chairman Neil Kirton said.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
27 minutes ago
- Yahoo
New Telegraph owner RedBird to turn page with Whitehall filing
The putative owners of The Daily Telegraph will take another step towards gaining control of the right-wing newspaper in the coming days when they formally notify Whitehall of their plans. Sky News has learnt that lawyers acting for RedBird Capital Partners, the US-based investor which will own a majority stake in the publisher if the deal is approved, could set out the company's proposals in a filing with the Department for Culture, Media and Sport (DCMS) as soon as this week. The move would represent another step towards concluding the 27-month hiatus over the Telegraph's ownership - a period which began with Lloyds Banking Group forcing the newspaper's parent company into insolvency proceedings over outstanding loans owed by the Barclay family. Sources said that the notification by RedBird Capital's lawyers would pave the way for the lifting of an interim enforcement order (IEO) imposed by Lucy Frazer, the then Conservative culture secretary, in December 2023, which prevented the acquirers from exerting any control over the Telegraph. The removal of the IEO is likely to result in the DCMS issuing a new public interest intervention notice (PIIN), which would prompt investigations by Ofcom and the Competition and Markets Authority into the £500m takeover. Last month, the House of Lords approved legislation to allow a UAE state-backed investor - IMI - to acquire a stake of up to 15% in the Telegraph as part of the RedBird deal. The takeover had originally been conceived as a joint endeavour between RedBird and IMI but was thwarted by political opposition to foreign state ownership of national newspapers. IMI is controlled by Sheikh Mansour bin Zayed Al Nahyan, the vice-president of the United Arab Emirates and ultimate owner of Manchester City Football Club. Other bidders tried to gatecrash the deal, with the field of rival contenders led by Dovid Efune, the owner of The New York Sun. Last month, his key backer - the hedge fund founder Jeremy Hosking - told Sky News their bid was "ready to go" if the RedBird-led transaction fell apart. Announcing its agreement to acquire the Daily and Sunday Telegraph titles in May, Gerry Cardinale, founder of RedBird Capital, said it marked the "start of a new era" for two of Britain's most prominent newspapers. However, it is nearly a month since the Lords voted to approve the legislation allowing IMI to own a minority stake, a verdict which prompted Mr Cardinale to say: "With legislation now in place, we will move quickly and in the forthcoming days work with DCMS to progress to completion and implement new ownership for The Telegraph." Sources said the formal notification to Whitehall could come as soon as this week but could yet be delayed further. Senior Telegraph executives and journalists are said to be frustrated at the latest phase of the process. Sky News has already revealed that Sir Leonard Blavatnik, owner of the DAZN sports streaming platform, and Daily Mail proprietor Lord Rothermere are preparing to buy minority stakes as part of the RedBird-led transaction. RedBird said in May that it was "in discussions with select UK-based minority investors with print media expertise and strong commitment to upholding the editorial values of the Telegraph". The Telegraph titles' parent company was forced into insolvency proceedings in 2023 by Lloyds, which ran out of patience with the Barclay family, their long-standing owner. RedBird IMI, a joint venture between the two firms, paid £600m several months later to acquire a call option that was intended to convert into ownership of the Telegraph newspapers and The Spectator magazine. The Spectator was sold last year for £100m to Sir Paul Marshall, the hedge fund billionaire, who has installed Lord Gove, the former cabinet minister, as its editor. None of the parties involved in the Telegraph ownership situation


Bloomberg
29 minutes ago
- Bloomberg
Stock Movers: Nexstar, Home Depot, Intel
On this episode of Stock Movers: - Nexstar (NXST) shares rise after news that the company will buy TV station operator Tegna for $3.5 billion in a cash deal that values Tegna at $22 a share. - Home Depot (HD) gains after comparable sales returned to growth in 2Q, rising 1% versus a 3.3% drop y/y; but that fell short of analyst estimates for a 1.39% growth rate. - Intel (INTC) shares are up after Softbank agreed to take a $2 billion stake in Intel. That's after a report that the Trump administration is in discussions to take a stake of about 10% in the US chipmaker.
Yahoo
an hour ago
- Yahoo
FlexGen Completes Acquisition of Powin Assets, Expanding Global Leadership in Grid-Scale Storage
Now supporting more than 25 GWh and 200 projects across 10 countries, FlexGen provides Powin customer continuity and operational support. DURHAM, N.C., August 19, 2025--(BUSINESS WIRE)--FlexGen Power Systems, LLC ("FlexGen"), a leader in energy storage technology, today announced it closed its acquisition of key assets and intellectual property from Powin. With this acquisition, FlexGen is now supporting over 25GWh of battery energy storage systems across over 200 sites in 10 countries with software and services. "Batteries are critical to meeting the world's growing demand for affordable, reliable electricity. This is more than an acquisition – it's a reflection of FlexGen's commitment to immediate continuity and the future of grid-scale storage," said Kelcy Pegler, CEO of FlexGen. "FlexGen's proven operational excellence, hardware-agnostic software, and commitment to innovation uniquely position us to maximize the value of these Powin assets today, while enhancing the reliability and performance of energy grids worldwide for years to come." FlexGen has also expanded its team with former Powin team members to ensure continuity for customers and maintenance of technical expertise for systems being supported. Existing Powin customers will continue to receive uninterrupted support and can choose to enhance system uptime and longevity by transitioning to FlexGen's HybridOS® platform and lifecycle services. "Powin is proud of the technology and projects we've delivered. The goal was to ensure that those systems and customers are supported by an industry leader that provides the support and services enabling reliable, long-term operation," said Brian Kane, CEO of Powin. "Based on their experience and reputation, and having collaborated with their team in recent days, we have full confidence that FlexGen is that leader." The completion of this acquisition strengthens FlexGen's global leadership in grid-scale storage, enhancing grid reliability at a time when energy systems worldwide are under rising pressure to perform. FlexGen's HybridOS® software and lifecycle services are hardware agnostic, enabling flexible deployment models, sophisticated operational controls, and advanced performance analytics—regardless of underlying hardware configurations. For more information, please visit: Customer support inquiries: PowinSupport@ About FlexGen Power Systems, LLC FlexGen provides industry-leading software and services for deploying, managing and optimizing battery energy storage systems. FlexGen leverages decades of software, engineering, and procurement expertise to solve today's toughest energy challenges that enable the transition to a modern electric grid. FlexGen HybridOS® energy management software seamlessly integrates with any battery OEM and offers advanced analytics and AI-driven insights that allow energy storage owners to deploy diverse power market strategies and integrate various generation forms, enhancing grid stability and economic returns. Serving more than 25 GWh and over 200 energy storage systems enabled by FlexGen, we are trusted by the most technically and commercially demanding developers, utilities, government agencies, and industrial companies in the world. View source version on Contacts Media inquiries: flexgen@