#Latest news with #dueDiligenceBloomberg3 days agoBusinessBloombergBlackstone Lowers Offer for Warehouse REIT, Extends DeadlineFunds managed by Blackstone Inc. have lowered an offer to purchase Warehouse REIT Plc after matters uncovered in due diligence made a previous bid unworkable, according to a statement. Blackstone submitted a final offer of 110.6 pence per share on May 19, valuing the real estate trust at roughly £470 million ($633 million), according to a statement from Warehouse REIT Friday. That's down from a previous proposal of 115 pence per share.
Bloomberg3 days agoBusinessBloombergBlackstone Lowers Offer for Warehouse REIT, Extends DeadlineFunds managed by Blackstone Inc. have lowered an offer to purchase Warehouse REIT Plc after matters uncovered in due diligence made a previous bid unworkable, according to a statement. Blackstone submitted a final offer of 110.6 pence per share on May 19, valuing the real estate trust at roughly £470 million ($633 million), according to a statement from Warehouse REIT Friday. That's down from a previous proposal of 115 pence per share.