UK's Warehouse REIT rises as board considers backing Blackstone's takeover bid
ReutersMar 27, 2025 8:36 AM
Shares of UK's Warehouse REIT Plc WHRW.L rise as much as 3.4% to 110p, their highest since April 2023
Co says it could recommend Blackstone's BX.N 489 million-pound ($631.15 million) takeover proposal, if firm offer is made
The 115 pence-per-share bid is a 39.6% premium to WHRW's closing price on February 28, the day before the initial bid was made
The company had previously rejected four prior joint bids from Blackstone & Sixth Street
Up to Wednesday's close, the stock has risen 35.4% YTD
($1 = 0.7748 pounds)
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