Retail Opportunity rises after report Blackstone in bid to acquire firm

Retail Opportunity Investments

30/07/2024 17:21

** Shares of shopping center owner Retail Opportunity
Investments Corp  ROIC.O  rise 17.3% to $15.33
    ** Private equity firm Blackstone is in early-stage talks to
acquire ROIC, Reuters reports citing people familiar with the
matter
    ** No deal is certain and another bidder for ROIC can
emerge, report says
    ** Blackstone declined to comment. ROIC did not immediately
respond to requests for comment
    ** Shares of Retail Opportunity up 9.4% YTD

 (Reporting by Harshita Mary Varghese in Bengaluru)
 ((HarshitaMary.Varghese@thomsonreuters.com))