Blackstone acquires Retail Opportunity for $17.50 per share or $4B
The Fly

Blackstone acquires Retail Opportunity for $17.50 per share or $4B

Blackstone (BX) and Retail Opportunity Investments (ROIC) 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 $4B, including outstanding debt. The transaction has been approved by ROIC’s board and is expected to close in the first quarter of 2025, subject to customary closing conditions, including the approval of the company’s common stockholders.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App