UK's Big Yellow Group falls after report of Blackstone's plans to drop takeover bid
01/12/2025 15:58
** Shares of UK self-storage company Big Yellow Group BYG.L down 5.6% at 1100p ** Sky News reports that Blackstone BX.N is "seriously contemplating" abandoning its bid for the company ahead of the upcoming deadline for a firm offer ** In October, Blackstone said it was in the early stages of considering a possible cash offer for BYG ** Including session's moves, BYG stock has risen 14.4% YTD (Reporting by Akshaya V) ((akshayav@thomsonreuters.com))