Tritax Big Box to Buy Rival Warehouse in £485m Deal

Tritax Big Box to buy rival Warehouse in £485m deal

It values Warehouse – which owns a raft of distribution sites run by companies including Amazon – at 114.2p per share.

Tritax Bids £485 Million for Warehouse, Unseating Blackstone

Tritax Big Box REIT Plc has agreed a deal for Warehouse REIT Plc, valuing its UK rival at about £485.2 million ($661 million) and unseating an earlier recommended bid from Blackstone Inc.

Bidding war? Analysts react to Tritax Big Box offer for Warehouse REIT

Tritax Big Box REIT has usurped Blackstone’s offer for Warehouse REIT by making its own bid for the investment trust. In a stock exchange announcement this morning, Tritax Big Box announced a 111p per share bid for Warehouse REIT, higher than the 109p offer Blackstone made, which it had described at the time as “best and final”. The Warehouse REIT board has pivoted away from the Blackstone offer, instead recommending shareholders back the Tritax…

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Tritax Big Box agrees rival REIT buyout for £485m Warehouse REIT have announced a recommendation to accept a takeover bid by London Stock Exchange-listed Tritax Big Box, for £485m – just weeks after having originally planned to be bought by a US private equity firm for £470m. REITs (Real Estate Investment Trusts) are businesses which essentially own property to generate income through leasing them out. Many operate in specific sectors or geogr…

Warehouse REIT ditches Blackstone takeover and accepts Tritax Big Box offer

Warehouse REIT has accepted a £485.2m takeover offer from Tritax Big Box REIT (BBOX), walking away from a previous deal with Blackstone.

Not another one! Tritax joins the M&A party by hijacking Warehouse REIT bid