10th Nov 2025 08:43
Big Yellow Group PLC - Bagshot, Surrey-based self-storage site operator - Agrees to extend the deadline for funds managed by Blackstone Europe LLP to announce a firm intention to make a takeover offer to December 8 from end-of-day Monday. The later put-up-or-shut-up date pushes the decision after the presentation of the UK government budget on November 26. This is expected to include a variety of tax increases to close the central government deficit. Big Yellow says the private equity investment manager, part of New York-based Blackstone Inc, is only at a "preliminary stage" of evaluating an offer. Among factors it is considering is "the macro-economic environment including the potential impact of the upcoming UK budget as it relates to the self-storage sector", Big Yellow says on Monday repeating comments made when Blackstone first confirmed its interest last month. Read More