Blackstone close to making £500m takeover offer for Industrial REIT

The board of Industrials REIT has indicated to Blackstone that it intends to recommend the financial terms of the Final Offer to Industrials REIT shareholders

Asset manager and investor Blackstone and the board of Industrials REIT have agreed that, following a period of “extensive negotiations”, they have reached an agreement for a possible cash offer for Industrials REIT to be made by a new entity controlled by Blackstone.

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