Industrials Reit share surges on Blackstone takeover approach
The deal represents a premium of 42.4% to Friday’s closing price
03 April 2023 - 09:33
Shares in UK-based Industrials Reit surged nearly 38% on the JSE after the group said private equity firm Blackstone had put forward a £700m offer to acquire it.
Blackstone has been on a bargain hunt for UK property companies in recent times. Industrials Reit is listed on the London Stock Exchange...
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