UK's Warehouse REIT rises as board considers backing Blackstone's takeover bid

Warehouse Reit

27/03/2025 08:36

** Shares of UK's Warehouse REIT Plc WHRW.L rise as much as 3.4% to 110p, their highest since April 2023

** Co says it could recommend Blackstone's BX.N 489 million-pound ($631.15 million) takeover proposal, if firm offer is made

** The 115 pence-per-share bid is a 39.6% premium to WHRW's closing price on February 28, the day before the initial bid was made

** The company had previously rejected four prior joint bids from Blackstone & Sixth Street

** Up to Wednesday's close, the stock has risen 35.4% YTD

($1 = 0.7748 pounds)

 (Reporting by Raechel Thankam Job in Bengaluru)

 ((RaechelThankam.Job@thomsonreuters.com))