Blackstone (BX) is considering abandoning its bid for Big Yellow Group (BYLOF) ahead of a December 8 deadline imposed by the Takeover Panel, Mark Kleinman of Sky News reports. According to sources, Blackstone, which is said to have been working on its interest with the Canada Pension Plan Investment Board, has yet to make a final decision about a Big Yellow offer, but executives from Big Yellow are seeking an offer worth at least GBP14 a share.
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