Warehouse REIT has rejected a £470m takeover bid submitted by Blackstone Europe and Sixth Street Partners.
The all-cash proposal of 110.5p per share for the entire issued and to be issued share capital of Warehouse REIT is the fourth offer submitted by the consortium.
The proposal represents a premium of 34.1% to the closing price of 82.4p on 28 February 2025, a premium of 34.8% to the one-month volume weighted average share price of 82p on 28 February 2025 and a premium of 0.8% to Warehouse REIT’s two-year high closing share price of 109.6p on 17 April 2023.
The consortium said the proposal “provides a highly deliverable and compelling alternative to shareholders, attributing a full valuation for the company and its future prospects”.
It added it was currently “considering its position and accordingly there can be no certainty that any offer for the company will be made”.
