Blackstone in advanced talks to acquire Retail Opportunity, Reuters reports

Blackstone (BX) is in advanced talks to acquire Retail Opportunity Investments (ROIC), which owns U.S. shopping centers and has a market value of $3.4B including debt, Reuters’ Anirban Sen reports, citing people familiar with the matter. If the talks are successful, a deal could be finalized in the coming weeks, the sources said.