Blackstone (BX) has walked away from a potential bid for Big Yellow Group (BYLOF) roughly two months after announcing its interest in the UK self-storage business, Bloomberg’s Natasha Voase reports, citing a company statement. The alternative asset manager confirmed it doesn’t intend to make an offer after Big Yellow said “it had concluded there was no basis to continue discussions” over a possible deal “in the context of Big Yellow’s strong performance.”
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