(Alliance News) - Tritax Big Box REIT PLC on Friday declared its offer to buy Warehouse REIT PLC final, without raising the price, as acceptances for a higher bid from Blackstone Europe remained low. Read More
(Alliance News) - Stock prices in London opened lower on Friday, as US Federal Reserve Chair Jerome Powell's Jackson Hole speech draws nearer. Read More
(Alliance News) - The FTSE 100 is set to open slightly higher on Friday, while in Germany the economy has declined by more than expected in the latest quarter. Read More
Warehouse REIT PLC - London-based real estate investment trust that invest in large logistics warehouses - Takeover Panel says competitive situation continues to exist for Warehouse REIT as neither bidder, Tritax Big Box REIT PLC nor Blackstone Europe LLP, subsidiary of US private equity firm Blackstone Inc, has declared its offer final. If a competitive situation continues to exist as at August 25, an auction procedure will then commence. The auction procedure provides for up to five days of public bidding over sequential business days. Takeover Panel declares Auction Day 5 as September 1. In July, Warehouse REIT switched its recommendation from the Tritax offer to the Blackstone bid. Blackstone's latest offer was worth 113.4 pence per share in cash, plus a 1.6p interim dividend, valuing Warehouse REIT at GBP489 million, roughly 3.5% higher than Tritax's bid. Read More
(Alliance News) - Tritax Big Box REIT on Wednesday said rental income received a boost from last year's UK Commercial Property REIT acquisition, while its portfolio value grew. Read More
(Alliance News) - Blackstone Europe LLP, subsidiary of US private equity firm Blackstone Inc, on Friday urged shareholders of Warehouse REIT PLC to accept Blackstone's higher takeover bid. Read More
(Alliance News) - Warehouse REIT PLC on Friday reversed advice to shareholders, recommending they vote in favour of a takeover offer from Blackstone Inc, rather than Tritax Big Box REIT PLC. Read More
(Alliance News) - BP on Friday warned of impairments of up to USD1.5 billion in its upcoming second quarter numbers, Warehouse REIT threw its support behind a new Blackstone takeover offer, while gambling firm Flutter did some deal-making of its own. Read More
(Alliance News) - Warehouse REIT PLC on Thursday said it was reviewing a revised takeover bid from Blackstone Inc, which tops a previously agreed offer from Tritax Big Box REIT PLC. Read More
(Alliance News) - US private equity firm Blackstone Inc on Thursday raised its takeover offer for London-listed Warehouse REIT PLC, topping a rival offer to which the investment trust had agreed from Tritax Big Box REIT PLC. Read More
(Alliance News) - Blackstone Inc said Tuesday it is "considering its options" after being snubbed by Warehouse REIT PLC, as the industrial property investor's board shifted its support to an offer from fellow London listing Tritax Big Box REIT PLC. Read More
(Alliance News) - The FTSE 100 closed lower on Wednesday, well below early highs, despite a stellar showing from Babcock International after well-received results. Read More
(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Wednesday. Read More
(Alliance News) - Tritax Big Box REIT PLC and Warehouse REIT PLC on Wednesday said they have reached an agreement that will see Tritax Big Box buy Warehouse REIT in a cash-and-shares deal that Warehouse REIT has chosen over a rival offer from private equity investor Blackstone Inc. Read More
(Alliance News) - Stock prices in Europe opened higher on Wednesday, following gains from New York overnight and Asia in the early hours, as an Israel-Iran ceasefire lifts spirits. Read More
(Alliance News) - London's FTSE 100 is called to open slightly higher, though looks set to fail the more confident advance seen on Wall Street overnight. Read More
(Alliance News) - Warehouse REIT PLC on Wednesday reported growth in profit during its most recent financial year, ahead of the firm's planned takeover by Blackstone Inc. Read More
(Alliance News) - Warehouse REIT PLC on Wednesday said it has agreed the terms of an acquisition by Blackstone Inc that values it at GBP470 million. Read More
(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Monday. Read More