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.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ROIC:
- Retail Oppurtunity Investments trading halted, news pending
- Dollar Tree downgraded, eBay upgraded: Wall Street’s top analyst calls
- Retail Opportunity downgraded to Sector Weight from Overweight at KeyBanc
- Blackstone in advanced talks to acquire Retail Opportunity, Reuters reports
- Retail Opportunity downgraded to Market Perform at Raymond James