Warehouse REIT PLC ( (GB:WHR) ) has provided an update.
Warehouse REIT PLC has received a final indicative all-cash proposal from Blackstone Europe LLP, valuing the company’s shares at 115.0 pence each, inclusive of a previously declared dividend. The Board of Warehouse REIT is currently evaluating this proposal, with a decision expected by March 31, 2025. The announcement highlights that Sixth Street Partners, LLC does not intend to make a competing offer, and there is no certainty that Blackstone’s proposal will lead to a formal offer. The outcome of this potential acquisition could significantly impact Warehouse REIT’s market positioning and shareholder value.
More about Warehouse REIT PLC
Warehouse REIT PLC is a real estate investment trust that focuses on owning and managing warehouse properties. The company operates within the industrial real estate sector, providing spaces for storage and distribution, catering primarily to logistics and e-commerce businesses.
YTD Price Performance: 32.30%
Average Trading Volume: 1,754,590
Technical Sentiment Signal: Sell
Current Market Cap: £440.2M
For an in-depth examination of WHR stock, go to TipRanks’ Stock Analysis page.