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0.000256337225861507 0.00148105952720018 0.00176587866704644 0.0027627456565082 0.00623753916263172 0.00689262318427787 0.00734833380803185 0.00956992309883212
Stock impact report

Blackstone Real Estate to Take Retail Opportunity Investments Private for $4 Billion [Yahoo! Finance]

Blackstone Inc. (BX) 
Last blackstone inc. earnings: 4/23 06:56 am Check Earnings Report
Company Research Source: Yahoo! Finance
the "Company") today announced that they have entered into a definitive agreement under which Blackstone Real Estate Partners X will acquire all outstanding common shares of ROIC for $17.50 per share in an all-cash transaction valued at approximately $4 billion, including outstanding debt. ROIC's portfolio consists of 93 high-quality, grocery-anchored retail properties totaling 10.5 million square feet concentrated in Los Angeles, Seattle, San Francisco and Portland. The purchase price represents a premium of 34% to ROIC's closing share price on July 29, 2024, the last trading day prior to news reports of a potential sale. "We are pleased to reach this agreement with Blackstone, as it will provide significant and certain value to our stakeholders," said Stuart A. Tanz, President and Chief Executive Officer of ROIC. "This transaction represents the culmination of the steadfast commitment and extraordinary dedication of our talented team and their tireless efforts over the past 15 y Show less Read more
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